TA people I read say $1526 is line in the sand. Saw a few analysts on Fast Money tonite were looking at gold dropping to $1400 and $1350 but at some point down the road will be in play again. My bias is lower or neutral but Im not selling BTO I think they emerge ahead of the class. Gold trade got too crowded and thats being blown off now.
Couple of things have given US $ a reprieve. How screwed up Euro is. The US shale gas/oil boom. The demise of unions in USA. Still in time the stuff will hit the fan imo. GLA