DislikedYes, since the fiscal cliff issue has appeared the correlation dropped significantly. My cousin is a well known gold trader, his company purchases gold for various reasons for trade or or for jewellery making. In Turkey it is a major busines as you probably know. I was with him last week, they have a good nose about the gold price behaviour for sure. He says it is pretty cheap at the moment however they are in no rush to hurry since the price will swing around here for some more time and touch 1.500 - actually he said 1.480... From here no further...Ignored
My targets that i posted was only looking for a move near 1690 - 80 , not much ! But really thanks for sharing this info , ..
"It's the Margin, Stupid."