All currencies are about to start creating more money. Watching gold in a short time frame is not too meaningful. Especially in this market of extreme volitility. The fundementals all point to gold going higher in the next few years. So then it’s a matter of timing. If it gets support at $800 or there abouts, it should be ok for the next leg up. If not, then it go to the next support level of around $650. Keep in mind that it costs about $500 or $600 to produce and ounce. And finding new gold is not getting easier.

I’m 30% right now and keeping a close eye on support levels. I’ll buy more at $800. And if it breaks down, I’ll get more at $700. So I guess I’m getting more no matter what. Kinda funny.