Hey Doc…those key levels of $1720 and $32.25 are like magnets as what are the chances both metals close right on their line in the sand breakout zones….is it a lift off countdown?…or and if I was the anti gold banks you whack the pm’s metals hard in Asia this eve and don’t let up until sub $1700 and sub $31.50….we are on the knifes edge!

HUI a mere 14pts from a 520 breakout…FR.TO and SLW.TO are 1.32% and .62% from 52 week highs….thats bullish.

As for a Blackswan event….how about the trend has begun and this was the $500 launch run when gold ran from $1400-$1900 as Venezuela asked for their gold….then China, last week Germany and tonight Ecuador

http://www.zerohedge.com/news/2012-10-31/it-begins-ecuador-demands-repatriation-one-third-its-gold-holdings

Wed is going to be very, very, interesting!

Is it a blackswan when everyone finally realises there isnt enough gold to go around?
Except, it doesnt have anything to do with the amount of gold, its the price.
I just dont know if you can call the inevitable a blackswan.
Well, a rose by any other name.

GDXJ finally held above the opening price after several long weeks it seems. Buy signal forming? I bought some Semafo around 3.87 (close at 4) but sticking mainly with a large position in gdxj and hope to get to the 40+ area eventually. Gold needs to stay above 1725 (50day at 1735) to start a new rally. Around 9pm eastern time it usually spikes up. 50 and 200 day now rising. We need to close higher tomorrow to get the ball rolling.
http://www.safehaven.com/article/27519/some-incredible-gold-charts
http://www.safehaven.com/article/27512/us-of-asia-united-to-weaken-the-dollar
Happy halloween. Just waiting for th kids to get back so I can pick out the biggest chocolate bars before they get to them. Hope the power gets back for all those on the eastern coast. Up here in Ontario we just had some trees down and not really any damage.