An hour before the opening in the markets we see Gold trading at 996. A couple things to watch. We could get through the 1000 mark and continue a nice steady trend up or we could hit our heads o the 1000 and turn down for a bit of time. In any event I feel we ultimately get back over 1000 and that number builds support for longer term. Keep your eyes open and if you have some massive profits (like I do) take some off the table (scale back) if you see the POG bang south off of 1000 number. You can always re-enter (like I will) during a pullback.
Remember just a short time ago when The Market Guardian was talking about getting through the 928 number? Well now we are at the next leg of my prediction. By the end of 2009 POG will be at 1200-1500.
Market futures are looking very red. We go lower today and await for the bear market bounce.
Good Luck
