Who is holding the bag of gold at 1365? Looks like Gold is getting very volatile. Those 30 bucks swings are not for the faint of the heart. Obviously Gold is going up as governments around the world are trying to print themselves out of abysmal economic activity, hence create inflation. Now the question is, if there is a hedge fund that has huge exposure in Gold, like there was Amaranth Advisors who had huge exposure in Natural Gas futures.
'The best traders are not right more than they are wrong. They are quick adjusters. They are better at getting right when they are wrong'.