Nothin' spells lovin' for nuclear war like G-O-L-D and the Korean missile news was just enough for that market to make a nice recovery Tuesday from a morning dip. $560 is forming somewhat of a base and is close enough to my target that I'm looking at miners again.
Also, Randgold Resources (GOLD) has really started to become a great leading indicator.
What is going on with gold? Numerous gold producers see gold reaching at least the $US1000 an ounce mark by the end of the year - yet the price is currently languishing well under $US850oz. That said, gold is currently on the rise again this week as the US dollar is poised to fall more after its recent strength. Was the US dollar going through a dead-cat bounce? Well, whatever some people call it there is a clear case that America’s economic plight is far from over. More bad economic news from USA’s financial sector is expected over September.