More On Today's Milestone in the Price of Gold

To begin with, the record weekly close over $1000 will get the attention of technically oriented investment funds this weekend. Expect heavy follow-through buying next week, barring some kind of unforeseen heavy intervention in the bullion market by the Fed/Obama Administration, in a desperate attempt to support the U.S. dollar.

I want to bring your attention to an excellent analysis posted on www.thetechnicaltakedotcom.blogspot.com, in which the author presents an excellent case to be made that the public has yet to join in on the gold rally based on the fact that the assets in the Rydex Precious Metals fund have not increased at all during this move over $1000. Here, the link to his work and it's a must-read:

Gold Is Going Much Higher While the Public Snores