So Johnny, if there is a sudden drop in that chart and the fed isn't draining the system what does that mean? Hint, retail sales were trumpeted at .8% increase today. Will those numbers be revised? I sincerely doubt we'll see a sudden drop though!
I do not think I predicted gold at $1641 by morning. I may have said it could be. I think you are like so many others. Gold runs up $20 and you get all excited. Fella gold was at $1900 in September of 2011. And do not forget any rapid large movements have been down, not up. So I would not be get too excited yet. Any time you and I are invested in something so weak that it's only chance of moving up is dependent on the next rumor of a QE being placed then we are invested in a very poor investment.