Why is the price action in gold today so important?
"Gold broke out of the down trend from December $680 at a high of $613.30 with oil slowly declining."
"The implication of gold taking out the down trend line is a potential new high."
"The price of gold in December forward will go above the $612.30 soon, putting $682 into play. That accomplishment will put the mid 700s into play. All this is meaningless news because gold is headed to $1650 and will enter the four figures before any meaningful reaction starts. A close above $612.30 is a signal as important as the break out above $524.40 and $529.40 was."