Gold is at a high enough level now, where even a retracement won't take it below $1600 very easily. There is only more money printing and further rounds of quantitative easing ahead.
If it's going to happen (and I believe it will), it could come at any time. I'm sure this AAA bond rating downgrade is a major signal for them -- it's time to make the divy happen. Things could escalate quickly from here, and Lowenthal would be wise to get going because it's going to get hectic soon.
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