Gold gone up to US$1268, after Swiss Francs unpegged Euros. People are starting to panic. Fund Managers, Swiss Francs currency holders, Greek debt holders, most stock markets fell, how about global soverign debt? People in HK are still lining up for buying flats they can't afford. You will ask, what is next? Capital flow fleeing from Eurozone is obvious and ongoing causing USD assets and tools to rise, share market in US and some countries will rally as hedge against other markets will follow. When you see more people talking about buying stocks and more people lining up for flats, the red flashing signal is "blinking".
Martin Armstong -- "It is a HEDGE AGAINST GOVERNMENT and that is what we are watching – the European hedge at the moment against the collapse of the Euro. In this context, gold and the dollar can rise together. Gold is not only a dollar influenced commodity."
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