- Gold = protection from the fallout of the loss of credibility of central banks, the latest being the ECB. Nowhere else to hide from currency debasement. No central bank can print more gold.
- Added on to long-standing position at 1219 and 1227 last night.
- New all time high now, having just taken out the Dec09 high of 1226. Will run with it; no particular upside objective in mind.
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