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SLR will continue the trend, re connect what you will to the trend when gold is re priced higher against the United States dollar. Hope for the economy can only keep a lid on the gold price so long. Even massaged figures etc. and fine words of suggestion cannot hide (in the final analysis) whether by the measure of a week/month/year that the $ return per $ invested in to productive assets is struggling to stagnating. All the usual effects will show themselves societally if masked in the figures for a while longer.

Hope isn't go to rectify matters it will require serious decisions and some financial pain all round rather than endless creation of money at varying tiers of the financial system. We can forget that endless money creation will ultimately lead to high scale inflation if we like but that is the reality eventually. That day will come some time.

Unless desperate for a quick return and in need of cash then any medium term bet on gold is likely to be good to great I would imagine. It will only take a mass awareness of the gravity and hopelessness of the situation facing the decision makers to lead to a big drop in many asset classes and doubts of currency security. Precious metals will most likely benefit.

JFI