Unsurprisingly given the lack of developments in US debt talks, the Gold price has hit a new record high close to $1617/oz in early Asian trade. Two technical models which I’ve been following have been forecasting that the market tops out somewhere between $1615/$1630; I’m not sure this is a market to be relying on technical extension forecasting but if a daily high can form this week between those two levels then perhaps we can start paying them some attention, (but only then).