As most here know, any major escalation in middle east tensions would normally result in an immediate smackdown of gold so as to distract investors from gold's safe haven status. This, coupled with Obama coming out with his trillion dollar stimulus package, would normally have the criminals declaring all hands on deck. We'll see what tomorrow brings but I would guess for an immediate takedown at 7:00 PM eastern time when the Asian markets open as they fire the first warning shots. Until we see signs that the cartel is becoming less lethal, these situations have to be anticipated.

stateside