Well, we are back in the $1660 and it is only Tuesday. I would love to retest the $1680 by the end of the week. That would be quite bullish for gold going forward.

G.

US payroll added only 120k jobs, consensus was 205k and this supports the claims that the US economy is not as strong as some have led us to believe. This also supports QE3 which would be very bullish for gold.

India's jewelers have ended a 3 week strike and should resume buying bullion.

I would not be surprised to see gold back to the $1660 range this week, maybe even challenge the 1680's again. Timing may be pretty good to have some news on the RE this week!