1)- The most significant event of the day: The Australians didn't raise their interest rates contrary to universal expectations = more inflation.

2)- San was on fire today compared to the rest of the pack, up 4 cents, don't knock it even if gold was up $10.

3)- Gold's runup is being viewed with considerable scepticism, judging by the gold stocks performance today.

4)- Who's buying the gold? My guess is that it's the Chinese, Perhaps just to send the U.S. a little message in regards to Taiwan.