Gold in Euro's has broken above a declining trendline that started, when Abenomics started in October 2012 and that started a carry trade suppressing gold. The 120 USD-Yen has now also been reached. This could be a reversal of what we have seen since October 2012. The bottom has been completed and I think the coming 7 months will be the mirror image of the period November 2012-July 2013.