phrenzy said:$1250 is the number were all looking for but you can't complain closing strong over $1200.
Interesting to see how the US earnings reports pan out, lots of people saying that stocks are already overvalued and crying supported by cheap money. High PE will either kick the market in the nuts or force the feds hand to keep rates down and pour some more stimulus gas on the fire, either way gold gets a boost. Exec good results will probably have people worried that rates will rise. Only some truly average and unexciting status quo results could keep gold moving sideways so we'll know a little more soon.
Yes, i like the close and end of week prices... very positive....
Next week with energy stock quarterly earnings, it will be a show and tell for gold..... we could see a rapid rise.... It would be quite bullish to see a clean break on USD$1250 next week....