A lot of pundits say it is now breaking out to new highs. Allowing for the non-intervention of the Plunge Protection Team of course.
I have been waiting for Wall Street Media's headline news: "Gold above 1,200!!!" for a while :lol: Once some buyers are lured in, usually this will take 3 or 4 days; then I am going to initiate my short position on GLD. I have seen this tape, before