Immediate term, gold may have a nice leg up this afternoon after ECB BOE slash rates. Medium term gold will do nothing or may go down until EVENT HORIZON.....ie. when the fraudsters at Comex default on clients who wish to take delivery on their contracts as oppossed to just tradng them. At this juncture the phoney comex price will explode in a couple of minutes. That said when and how this will happen is impossible to predict let alone trade....so most will be caught with their pans down. I personally only trade gold shares on a daytrader timeframe.....any longer and I actually belong to SPB/John's camp!