Morning

Spanish banks break ECB loan record

France urged to spell out budget deficit cuts

Poland's bank chief hails German discipline

Europe Recession Next Year 'Almost Inevitable': Soros

Russia Preparing to Buy Canadian, Australian Dollars to Diversify Reserves

Fed Officials May Trim Forecasts for U.S. Growth on European Debt Crisis

Nomura's Sun Says China Property `Bubble' Will Burst; Prices to Drop 20%

Price increases fuel fears of food ‘crises’

Doubt grows over CDS role in Greek crisis

What to expect ?
Target for gold remains $ 1400 - $ 1500 by year's end (DB forecasts earlier this year was expected $ 1400, it go higher and reach $1500 - softs are late, we should see a nice rally soon)