I a little concerned by the weekly gold chart, It was an unbroken long term uptrend since early 2009. 1650 needed to be maintained like the 1540 ish level last October.
The USA seems to have done well here via its quantitative easing and investment and manufacturing took off, look at CAT for example...
Australia could be left carrying the can here, look at the debt required to supply the mining industry with already sold cat machines.
Now the world is facing a bigger population in Europe than the US and a debt crisis that cannont be solved and passed on twice to the rest of the world. A united effort on Q.E. in the US where they led the money printing and also the gained the rewards.
NCM Price at posting:
$23.84 Sentiment: Buy Disclosure: Held