"...momentum based buying is coming in driving out panicked shorts who were hoping for a halt in the advance to occur as the market encountered bullion bank selling originating at $1680. The FOMC made that a mirage as a zero interest rate environment for the next two years means an environment in which it pays to own gold. The yellow metal pays no interest but at this point, neither do short term Treasuries and those offer no protection from currency induced price increases."
[Yup. Folk look to be locking in there monetary values right now by getting into gold. how high will it go? Track it with me. I think the ride will be interesting to say the least.]