Dollar Trashed - Gold Over $1,000

The miners are in a sprint upward.

Folks,

Gold up over $1,005 earlier this morning. The Euro is above $1.433, as are many other currencies. The dollar is taking it on the chin and about the body today. Without intervention, we will be treated to more of the same today. At the opening in NY, there seemed to have been the usual immediate down move which was typical of intervention in the past; however, gold is holding at a little above $1,005 now.
Below is the graph of continuous contract gold index. It has crashed the $1,000 barrier. This is a very strongly technically positive graph.

I am likely to be putting in some 10+% trailing stops this morning on some of the miners. It is time for some caution, but gold looks very positive at present.

Place your faith and complete trust in King Jesus. He is the one Who is faithful at all times.

As this is closed gold is 1004.30 (very volatile) and silver is 16.69. Both on up ticks.

The markets are moving rapidly, so I will close to get this to you as early as possible.

Best to each, Doug