Had a real fear for a bit of a free fall yesterday ... market stood up well and the gold price glosed over 820 ... very nice...
Next hurdle ... options and commodity future expiration next Friday .... if the highly lever have to liquidate .... could see a major hit to the market ... next leg down and perhaps gold gets caught in the downdraft .... if not the consolidating in gold taking place now could be very easily be the next leg up .... seems new resitance found at 770 ... so could be a very good sign on what could be a pretty quick trip up in price for gold.
Love our position and love our company ... just need the next run up on gold to establish new highs and floors here.
Orgy