The movie is over.....

We were watching the battle in Gold with a bag of popcorn in our hand - waiting patiently for gold to move beyond the 940-950 zone.... We knew, once it breaks the zone the moves were going to be vicious...irrespective of the move...up or down....

And..it finally happened today...the wait was over...NY EST AM hours..Gold cracked past 960-965 and is sitting snuggly at 980 (Highs of the day on strong volume) within striking distance of the 4 digit mark....



People who are still not long can get long into Gold and Gold ETF complex - GLD, DGP. We would not recommend any miners, as we dont want to be exposed to vagaries of the mining business and want to leave that unsystemic risk out of our equation. Today's close can be used as a stop level.