Well this morning we thought we’d have to wait until thursday before the gold price started to take off. Turns out we didn’t have to wait very long at all. So the key question is will this move stick? Given the momentum in the past few weeks, along with the fact this is gold’s third attempt at breaking $1777, and the impressive size of the jump in the price of gold in a matter of minutes, it wouldn’t be surprising to see $1800 this week. If we can close above $1800 then $1920 will come into view and come quickly. Thanks should really go to Ben and the boys at the Fed – certainly a goldbugs best friend these days.

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