Gold-Up Against Resistance

Gold is back at the top of its trading range. This 1360-1380 area has capped rally for the past six years.

Longer term, we see this is a major hurdle.

I believe the market is discounting more QE from the fed. It will come in one form or another. The first sign of trouble the fed will expand its balance sheet. This is obvious to anyone who has been paying attention the last 20 years.