In addition to watching the Yen chart for short-term traders, I suggest Gold Weekly EMA(50) (now at $1263.80) is critical for us Buy and Holder types who are in for the long haul. We are getting very close to this key support and it has only been violated ONCE through this entire bull market, the exception being 5 months in the latter half of 2008 when the banking system was standing on the precipice and sovereign debt was widely accepted as the preferred vehicle to weather the storm. Today it's a whole new ball game as investors question the solvency of both banks and sovereign nations that have insufficient "insurance" available to bail out themselves let alone the banks too. This leaves the business of taking out insurance up to the sovereign individual with Gold and Silver policies the preferred choice, and not much else besides essential commodities of food and energy.