I have been jumping up and down on this blog all year about the dereliction of the politicians in Washington. Now gold has soared to nearly 1070 an once. This area is going to be key:
As we can see by the chart 1124 will be the next target if 1070 clears and holds. I will be watching this level and many other factors like oil, earnings and any major fundamental events that might develop. Right now the dollar is being dumped and that’s the fact we all have to live with.