Another day, another record high for gold. There's clearly something else supporting gold at these highs other than reduced rate-cuts bets and geopolitical tensions from the Middle East. But if US economic data remains hot and investors are concerned that the Fed may ease rates, even if only to a degree, then perhaps gold is being used as an inflationary hedge once more. Dips remain shallow and gold bugs are seemingly laughing their way to the gold vault. The market looks like it wants to test $2400, and with no major signs of a market top forming - it just might make it. But at some point I expect to see some ... (full story)