It's All About The Central Banks
Over the next couple of weeks the Chinese, European, US and possibly Japanese central banks will say things that move the markets. None of this will change the fact that the global economy is slipping into a deflationary depression, but in the short run, traders might once again be fooled. Gold, meanwhile, has had a great run and might be ready for a correction. But don't worry. Reality (terrible for mainstream investors, great for gold bugs) will win out in the end.