Gold, Oil & Indices (Equity & Bond Indices)

Gold rumors are as speculative as gold futures. But if there is no physical gold backing all those ETFs and whatever that could be desastrous for the financial system. On the other side if we trust metal stocks LME shanghai and such by kitco there could be more copper, nickel and such than China Europe US could demand in a whole year for industry. Well I bought gold bullions and loonies already four years ago as one thing is for sure: don't trust paper money.

catnip
that came in the retail space
and that means thta investor are gonna chase gold and are cutting their short position and that push automatically the price higher.
i have put the website blanchard on the forum have a look on it.

Rumors spread no physical gold backs paper gold.

Ashraf,

You said 90$ is good level to enter short, Indeed weekly studies are showing 50% Fib (of the sharp decline from the High 147) at 90$. I would like to Know what is your first objective ?
Do you see the moving average 100 and 200 congestion' at $76,44 as first objective?

considering the steepness of the recent move up in both Gold and Silver, I don't think the Gold is going back below 1144 before close today. Also, since the Andrew Maguire revealed of JPM's techniques of precious metals market manipulation, there was no price takedowns or at least they were not so severe. So the question is, who's going to take the metals down now? Dollar index is basically nowhere today after making new high at 81.9. Yen is on the stronger side this week. Unless Bernanke talk up the USD today, the Gold is going to keep it's current levels.
Ashraf explained in today's IMT the POTENTIAL reasons for Gold going back down. So all I can see right now is very very mixed picture. I mean, the JPY should be weak, the USD strong, Gold should be somewhere below 1100. GBP is mixed, going sharply up and sharply down 100pips a day and only the EUR is performing as expected under the given context of Greece and potentially the Portugal.
There is something being cooked between US and China regarding Yuan flexibility. Geithner has been invited to China. So everything's slightly out of place in my view and Im very very curious about what will this and next week look like.