Well, how i see this here, is........ Bonds go down for sure this month, so Gold goes up, thats a natural law. The question is only how far will it go up in february and when does it start. This week in Gold we have a little bearish bar or an inside bar, you will see at the end of the week. But i am sure it will not start the move this week. Next week probably. Now, Bonds, seem to go down. I am fascinated and looking forward to see where goes the money flow, i love this correlations. PEACE
While we are talking about the big moves, this was a quick easy small move trade. But now, it seems it starts this week and as we both know, correlated markets do move at the same time. So Bonds are leading Gold, right now, IMO.
I'm thinking maybe bonds can go to all-time highs to 150/152 price level on safe-haven buying to escape the problems in the world.
Oh, i was right. It really went down to test that low. What happens next, its the begin of april ??? Up or down ??? I say 60% for going down. We will see, maybe this week.