sprott outlook gold last night bloomberg, page-24

Next Time

Risk assets had a bounce due to some stabilisation in the European financial systems via the promise of the ECB to print, and the various programs the US Fed has in place. There was a fair bit of front running in the markets before the final announcements were made, and since then the markets started to get wobbly again, especially after Obama was re-elected.

I have no illusions about where our goldies will head if the sharemarket keeps falling. There are a heap of headwinds why that may happen, including that earning by US companies have peaked.

loki