Thanks Couchy..
If you get a meaningful rally in US equities/inflation picking up, it will likely put some pressure on the Fed to potentially bring fwd the "rates on hold" timing from 2014 to something sooner - That would spur a rally in the dollar (US) which would negatively effect gold and silver.
Now, unless the FED changes its position on rates (as of last nights FED meeting it hadn't), then you will not see any really meaningful rally in the US$$ until we get closer to 2014.. So I believe anybody calling for a $300 correction in gold prices is a little ambitious at present.. At least until either
A). We find ourselves in late 2013
B). FED changes its position on rates.
Sorry for the Macro 101 lecture.
All the best..
oversold with incredible upside , page-7
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