Was wondering why gold was dropping so fast:
http://www.bloomberg.com/apps/news?pid=100...YI&refer=canada

I guess that goes part way to explaining it. Is it likely to go as low as $425 by the end of the week?

We needed to get those commercial shorts off our back before moving on towards $500 into the Indian buying season and falls of the FTSE and DOW this autumn.

With sterling getting weaker on worsening housing market news I hope it will start to look better for £Gold soon. Looks like we will have to wait until the next time they try to hold back gold to see DB's Blue Moon.

It will be interesting to see if the Asian markets buy this evening.