If you go back & check Edelson writings months ago you will find, I believe, that he talked about 1725 quite a bit for confirmation and now it's higher because he missed the buy signals at 1550 where most of the smart money started buying. I expected this week to be volatile with options expiry after quad witching last week and with month end and especially Q3 ending. There are large amounts of money on the sidelines that have totally missed both the S&P move higher and HUI move higher and gold move higher. Some will lose their jobs for this when the Q3 data and info is revealed in the coming weeks.

So expect lots of window dressing and new positioning for Q4 later this week and next. This will feed equities and for sure precious metal equities.