risk appetite increases -> carry trade size will go up, stock market will go up, investors will switch from commodities like oil/gold and currencies like Swiss Franc and Yen to stock markets esp. distressed US financial stocks
conclusion: further correction in prices of gold, oil, Chf & Yen in the near term
It seen that your point of view at the trend of Gold are difference with Mr.Steven ,
Let me think about that .
Actually , it is good for me to have the chance to study through this Bog .
Oil, Gold, Yen and Swiss Franc all strengthened yesterday. they're all near their critical levels: 110, 1000, 100 and 1.00 respectively. I won't bet on them breaking those critical levels in their first attempt and I think all of them will weaken in the near term.