Gold: no bazooka from Draghi and no QE from Bernanke has left gold with a fight on its hands as the euro sank back to levels seen at the time of Mr. Draghis "whatever it takes" comment last week. So far it is doing a good job having once again found support below 1590. Risk off sentiment in the coming days could trigger some safe-haven interest for gold so it looks like major support, initially at 1565, may not be challenged during this time frame.