Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

Yup, short term, the break in HUI and XAU (and the metal) might be headfake, but on the other hand, the reality of the dollar strengthening, particularly against the Euro and the Yen (a driving force behind the gold weakness), is rooted in economic comparative economic activity (or at least the market perception of such). Yes, a short term run in gold, particularly, since the metal should have a least a DCB from the $415/$420 area where it is sitting now, is possible, but I have no idea if it is going to be long lived.

Once more, I wonder if Dan could chime in with his opinion on that.