Dear Comrades In Golden Arms,

The Battle for $1,000 gold continues with Saruman and Sauron (Goldman and Morgan) attempting to crush the rebellion against their rule by the forces of honest money. Sadly for them, the rebels succeeded in beating them back and thwarting their plans.

I should point out that today's close is the HIGHEST WEEKLY CLOSE ever for gold. Prior to this week, it managed to poke through the $1,000 level on more than one occasion but was never able to CLOSE above $1,000 at the end of those particular weeks. Technically, this is bad news for the perma bears.

Trader Dan Norcini

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Click here to view today's hourly action in Gold in PDF format with commentary from Trader Dan Norcini