Judging by goldbackwardation (discussedlater) andthebearishcharts on thebubblydebtETFs, Ithink the debtmonetization and dollardevaluationwillbeginwithin thenextsixweeks.
George Gero, vice president and precious-metals strategist with RBC Capital Markets Global Futures, said he expects some buying to cover short positions from traders who do not want to hang onto bearishgold bets over the weekend.
If this situation deteriorates in the coming weeks, it could at times be bearish and bullish for the gold market bearish if gold decides to act like just another raw commodity on a given day, and bullish if gold decides to act like a safe-haven asset.