It looks like the the short term trend of gold (and the trend is your friend) is still up. South African gold miners (suppliers of 10% of the worlds gold and 80% of the worlds platinum) will only get 75% of their regular power again this week - possibly rising to 90% on January 30th. After 4 years of delays in increasing their power supply, it looks like there will be ongoing production risks for some time.

This, together with renewed worries about lower borrowing costs and higher commodity costs, mean gold may also resume its traditional role as an inflation hedge.

Hell, if this keeps up we could all use a bar or two under our beds...