The fact that everyone is expecting a massive war rally leads me...

The fact that everyone is expecting a massive war rally leads me to believe that it may not happen. Reporting season in the US is approaching so any rally will be short lived as company results show that the US is slipping further into recession. The January effect came in november last year so maybe we have already had the war rally. Further to this everyone was expecting the gold price to continue to rise until the begining of the war this did not happen and it was beaten back beforehand.

CJ