It was a fairly wild night for markets, however we are getting used to those, with wild gyrations becoming the norm in equity markets in various parts of the world except, for the US market which up until last night had been relatively unscathed, clinging on to record levels in the case of the S&P. That all changed last night & the S&P is now back trading below the previous highs it just eclipsed in the last week or two. Gold was whipped up & down to finally close up slightly, but did trade as high as $1375 at one point. Gold is now in a zone where it needs to earn its stripes to push on. It has had plenty of support from short covering, Chinese New Year & now tensions in the Ukraine & uncertainty over the Chinese economic outlook. By Monday we should know which way the vote went in Crimea & the market obviously anticipates are vote in favour of Russia. My feeling is gold could ease back a little next week until the situation there & reactions are assessed. However I do expect it only to be a dip as there are plenty of other issues out there that could raise their ugly head at any given moment. The US equity markets could also be under further pressure giving gold another boost. I also still don't rule out a change in import duty in India in the coming weeks or months. It is only a matter of time before we are testing the big level of $1420 imo. The Aussie is firmer after what can only be described as a stellar employment number with 47k net part time & full time jobs being created. To put this in perspective, per capita in US the same number would equate to around 750k jobs! I really do wonder if the number is actually correct, as it wouldn't be the first time an error has been published only to be corrected. This will be the last market wrap for a week or so as am heading off on a road trip. Happy trading all!. Cheers Daytr