Hi Moorookamick and All,I don’t wish to jump the gun here but it...

Hi Moorookamick and All,

I don’t wish to jump the gun here but it looks to me like the Gold price is anticipating Mr. Draghi joining with Uncle Abe and Benny and the ink jets in the lets print currency out of fresh air and into oblivion game!

The ECB meets today (Thursday) and will no doubt discuss offering up funds for a lending program as he has previously hinted. Me thinks a European QE despite a different name remains a rose just the same.

This Friday we also get the US nonfarm payroll numbers for those that find any credence in official government numbers, remember what Geronimo said: “White man talk with fork tongue.”

Now we have the most glaring contrarian buy signal for a Gold price rise as the bank that gave me my best shorting option trade ever betting against them puts the boot into Gold.

http://www.macrobusiness.com.au/2013/12/mac-bank-puts-the-boot-into-gold/

Taper talk is still hanging around like a bad smell. During my working life in engineering we often lifted very heavy objects using a steel wedge, some of you will know this. You place the thin end of the wedge (taper) under the object and make ready to lift the great weight. However, I can assure you that looking at the wedge or talking about it will achieve nothing what needs to happen is someone has to swing the fourteen pound hammer and accurately hit the fat end of the wedge. For my money no one at the FED would know what a big hammer looked like let alone how to swing one!

A poor start to the US shopping season, 47 million on food stamps, debt ceiling negotiations early next year and trillions of unfunded liabilities what’s not to like about Gold and good quality low cost producers.

Good luck and best wishes for the season to management and shareholders that have managed to keep the faith in these turbulent times.

Cheers and very best regards: Andy