Next major hurdle to overcome is $1700. Take that line in the sand out (no easy feat) and that's where to start popping corks for a whopper of a Summer ie. Gold moves to $2100ish. Timewise the window of opportunity opens 2 weeks hence. Love to hear from our friend Pic on how this time target (derived from my own cycles divinations) jives with what you see in terms of your interpretation of Armstrong's cycles work.

Cartel's buddies have to be very concerned about controlling Gold's imminent threat of a breakout now having adopted a campaign of MOPE front running additional QE infusions into Europe. Significant infusions ala 2x LTROs of Euro$600 Million in the past 6 months are verbotten. Gotta keep a lid on them Golden vigilante alarm bells & the accelerating rate of folks cashing out of the European banks. Welcome to the new improved world of smaller but increasingly frequent injections eg. $150 Billion to Spain last week followed by more of the same on a regular basis going forward to sustain the Euro debt junkies' high. No problems here - things are under control. After all let's put these injections into perspective - what's a mere $150 Billion here or there these days?