Gold currently $1691, very healthy looking, the current strife...

Gold currently $1691, very healthy looking, the current strife between China and Japan is pro Gold as is Japans deliberate inflationary policies it is about to embark on, how it expects to create 2% inflation without increasing its interest rate which would cripple its debt interest repayments remains to be seen.

Market has simply priced in an automatic debt ceiling increase for the US, regardless of what the republicans think, Obama will simply use an executive order if necessary.

The currency wars are starting to heat up with each country following Policies designed to drive the value of its currency down in comparison to its neighbors to increase the value of its exports and reduce its own debt, attempting to do this without inflation escaping, fascinating to watch and very pro Gold, not that the FED has any intention of letting the price of Gold escape, people might start seeing it as a store of wealth over their ever increasing quantities of bits of paper.