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Here's a 6 month chart of the action for Gold when priced in British Pounds (copied from Goldprice.org):
![](http://3.bp.blogspot.com/_wmz32xeNKtU/S4yNmaQb2vI/AAAAAAAAB1o/ZJq3GvSIbYY/s400/gold_6_month_British+Pound+price+thru+3-1-10+-+goldprice-org.png)
Even the price index that Gold perma-bear Nadler had Kitco.com set-up to show that the Gold price was "not really rising" is set to break-out to new highs (chart copied from this link where you can view the index - KGX is the Gold price index):
![](http://4.bp.blogspot.com/_wmz32xeNKtU/S4yOXDJt0zI/AAAAAAAAB1w/41eftsOknNE/s400/Kitco+Gold+KGX+index+price+versus+US+Dollar+price.gif)
What's coming next in U.S. Dollar-priced Gold is simple. The same thing that happened to the Euro Gold price not too long ago and today to the British Pound Gold price (i.e. new all-time nominal highs). On a related note, here's an example of how fast sentiment and price action can change in the Gold mining patch. Notice this chart of the $HUI Gold mining index from the beginning of the secular Gold stock bull market in 2000-2001:
![](http://1.bp.blogspot.com/_wmz32xeNKtU/S4yUE-3nnDI/AAAAAAAAB14/WVba5W0Xs64/s400/HUI+2000-1+bull+run+-+part+1.png)
Next came this:
![](http://2.bp.blogspot.com/_wmz32xeNKtU/S4yU-t6FVfI/AAAAAAAAB2Q/KhJj9NwB4V8/s400/HUI+2000-1+bull+run+-+part+2.png)
And, finally:
![](http://3.bp.blogspot.com/_wmz32xeNKtU/S4yVEUgrjjI/AAAAAAAAB2Y/vhl-XLj3bUo/s400/HUI+2000-1+bull+run+-+part+3.png)
Paper debt tickets will continue to deflate relative to Gold. Gold stocks will benefit from this. I still believe we'll see new nominal U.S. Dollar-based Gold price and Gold stock index highs before the spring is over and I'm still all-in so I'm still as biased as can be.