Gold has rallied so hard that $100+ swings should not surprise anybody. It’s a great short term flow trade in this type of environment. This type of price action was a common daily occurrence between 1979-81.

The stops in the Gold start approximately 1694-84 level. It is right around here we wish to pick some up. A break into the 1620’s would be a gift.

As of now, only some very long term investors still have Gold positions from much much lower. Hence, the stay the course comment.