We have been speaking about buying mid week weakness in the Gold in the 1760’s to low 1770’s.

Given that we can’t be in front of the screen all day today ( meetings), we’ll leave it up to each investor as to timing and exact level.

The preferred level to buy is in the mid 1770’s today. At this area your downside is limited to around 20 dollars.

If you see sustained price action back over 1800, buy 10-15% of what you’d like for a full position, just so you have something on.

GLD…172.25-171.50 appears to be a good buy zone

We much prefer to buy a hard mid-week break than strength. So be patient!

A decision will be made by the end of the NY session today one way or the other.