Two weeks ago ITZ posted several charts on gold, silver, the euro etc (LINK) indicating approaching opportunity levels. These markets have been driven on technicals and ITZ is looking for some upside here.
Also this past week, Federal Reserve Chairman Bernanke testified in front of the Senate Banking Committee and continues to remain dovish. LINK
Last week, gold came under heavy fire from the sellers. The shiny yellow metal fell below the $1600 mark for the first time in a while, and it even hit the "death cross" – a technical indicator formed when the 50-day average gold price dips below the 200-day average – indicating rapidly deteriorating sentiment. LINK
The 'Death Cross' Is Actually Bullish For Gold