Gold rises above a key technical level
Gold is up 8% since the November low and 11.5% since August. You can't say that about many markets.
Technically, the break today above the 61.8% retracement of the April-August drop is a positive signal and there is suddenly a groundswell of optimism about gold. I still think that's in its early stages. The time to bail will be when gold gets back to $1350 or when everyone is suddenly a gold bull again.
