We are making the baby steps towards normal market in gold. China's involvement and physical market demand vs paper gold can bring us more transparent pricing discovery. Koos Jansen reports his latest findings.
"So far Gold was cooperating with the sliding dollar and has shown the strong reversal with 3 days up forming potentially the second Low, which we have discussed above. This maniacally depressive state of the gold market can turn on a dime like we have seen in January. Move above $1,200 will bring the attention back, but solid breakout of the formation above $1,320 is needed to put this bull back on track now. News from China will be driving this market further. Read more."