Nothing has been improved except the debt ceiling, Gold is going to be affected in the intermediate term by Main Market sell off and this is the moment technical over fundamental.
Market adjusts itself nicely, for some reasons or news will make gold corrects in the next couple months. As the monthly trend charts shows top in GLD. Jim Rogers agrees it as well (watch today his blog). What would happen? It could be another bigger crash of the stock market which makes USD rally and all the commodities go shady for a while.
Market adjusts itself nicely, for some reasons or news will make gold corrects in the next couple months. As the monthly trend charts shows top in GLD. Jim Rogers agrees it as well (watch today his blog). What would happen? It could be another bigger crash of the stock market which makes USD rally and all the commodities go shady for a while.