finally the gold tracked the oil in some sort of way. gold is...

finally the gold tracked the oil in some sort of way. gold is still way behind oil. i think with the dollar getting weaker with the payroll data which wasnt that bad, imagine if the reporting out of lehmann brothers is bad, u will see people run into gold and oil and other commodities. No one would wanna hold shares in financials but hard assets.
The talk out of ecb will only send gold higher and remember hurricane season is starting in US, imagine when the hurricane hits one of those platform, oil will soar and so will gold plus inflation is getting higher and higher.

personally i think a few funds will pop into lgl on tuesday when the banks get hammered. the gold season is coming up in the next month or so for the indian wedding season. that has some of the jewellers buying up gold at around 870 per ounce.

I think the fact that everyone thought gold was going to consolidate at around 850 or 800 on the strength of the US dollar, having it gone the other way might have caught a few institutions selling the gold stocks on that sendiment. I for one love gold stocks and will look for some nice gains in the next few days.