Today gold is trading at $1,623.50 (-0.61%) Gold volatility seems to be settling down from ludicrous speed. The spread between futures and spot gold is now around $20, much better than the $60 we saw the other day. Gold could see the climb towards a $1,700 resume once the ugly economy hits the wires. Massive stimulus, the fading of the recent stock market rally, and disastrous economic data from the US and Europe should trigger strong demand for bullion.