$750 GOLD.... NO WAY! We all know this is a temp rally... Credit lines are again shrinking... Citi's numbers were bullshit... I see Dow to 6k by next week. If gold holds above 880 then we are set for another big run. If you like AUY take a look at ICI in Canada..it's the biggest undeveloped gold deposit in China, have a 3 million ounce resource that will be upgraded in the next few weeks based upon 50,000 meters of drilling in which they hit 299 out of 317 holes, 55% of stock is held by two Hong Kong billionaires who have never sold and bought recently, has $30 million mkt cap with $11 million in cash, currently being valued at $6.50 per ounce in the ground-in a bidding situation they should fetch at least $30/ounce which implies 5x gain-Eldorado Gold and Sino Gold are nearby and both are desperate to add ounces and Inter-Citic is the only large resource available.
750/oz might not be seen for a long while imho. 6 will be tested if we don't regain some ground above 8. if we do regain the ground, we have a nice uptrend to stick with. with the markets coming positive again, i believe we have some power to go higher here.