I think NST sp is to do with the POG and the market unsure about...

I think NST sp is to do with the POG and the market unsure about the recovery in the US.

The reports of "possible recovery" which have traders in limbo over gold prices that's why gold has been steady at around the $1650 mark.

Gold prices are down from there highs but in general the situation has been getting worst for the Japan (which is printing money like no tomorrow thats why the AUS dollar is climbing against the YEN),US and Europe from there monetary polices which have been propping up there economies and no doubt will cause inflation problems and therefore push gold prices higher.

My thoughts are the market a looking for signals but the signals of recovery or the situation getting worst haven't been made clear as of yet.

But based on the factors and indicators t would suggest that things are going to get worst for the US, Europe and Japan.

I.E printing money in the past has caused inflation and forced gold prices upward to incredible highs. But on the past it would be a good indicator of gold to go upwards.

http://en.wikipedia.org/wiki/Hyperinflation