The massive US efforts in helping in Asia following the tsunami is winning the US many friends. This could support the US dollar and be bad for gold. You know - feel good about the US and support the country's currency. The US dollar is rallying. Gold is getting sold off today. Could those chartists with cycle predictions of a 10% rally in the US dollar prove correct? We then know what that will do to gold and gold shares. By the way, oil is also being sold off again - down 2% already.
us winning friends & gold in trouble ///\\\
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