A few weeks ago I wrote that gold was decoupling from paper gold. What happened is that gold spun its wheels in the mud, and paper gold is the mud. The oilgarchs know that once oil production peaks, oil can not trade for dollars. Oil will trade for precious metal, backed by a currencie or otherwise.
As today is friday, any up move will be put on pause for the weekend. How ironic. We will see gold move up for the remainder of the day. Next week the price explodes. Get ready, and remember, get monie!