Is the present gold market accumulation phase gathering steam?
"The script has played out so well that $682 and $761, which seemed so far away to some only a short while ago, is now in the crosshairs of the price of gold. The USD, which may take the title away from Fannie and Freddie as the “slowest train wrecks” in history, gained a little in an inside day at the paltry .8281. The yen weakened as the media discontinued its blasting away at the yen carry trade nonsense where gold is concerned. Instead they were mesmerized by the discovery of the housing flop as if it did not exist two weeks ago."