Gold explodes further after election results..

In my opinion, US dollar will continue its long term bear with the latest round of qualitative easing though this has the effect of raising STI , DOW levels as never before. However, this will ultimately cause contra dollar assets to rise. Gold broke through trend-line at 1370 signalling more to come.. though a short term correction definitely seemed possible. The next one to two weeks will be interesting as there will be more action, more sideway moves.