why the fundamentals are changing

I wrote this on the SAR thread earlier, and I think it relevant to gold in general.

POG has risen in 7 out the last 8 weeks. POG has risen when US$ fell and when US$ rose. POG has risen when bond yields fell and rose. Also when general stocks fell and rose, and when leasing rates fell and rose. In other words POG rose whatever the enviroment in the last two months. The HUI and XAU also increased more than expected and finally this week Silver behaved as it should. All good for gold IMO.

I leave the technicals to some else. I see US1360 and $1425 resistance, the $1425 in particular, then an easy ride to $1600. All this year IMO.