Just dropped to 1655 this morning down some 27 bucks from the Asian highs and closing in on the Jan 25 lows of 1649. A break down here could accelerate a move down towards the Dec 29 lows around 1523.
AUD/USD’s fall isn’t helping either, and with US treasury yields on the up, no sign of any QE3 just now, and an improvement in the US economy outlook, this move could gather some steam
Gold’s sitting around 1661
