I agree with the direction and would add to this that the last rip up represented a short squeeze resulting from O.P.E.C Jaw boning the market higher these last few days.
We all know there is nothing to any O.P.E.C commitments for a cut in production:
my trade is this:
sell short at $ 43.20 with a target to cover at $40.20. stop loss in at $ 44.60 witch would be a time to wash out and get long.
I am looking to increase my Gold position at $1348. 50 on a stop in to sell the run up to $1365 short term with the basic idea that $ U.S dollar weakness = Commodities up!!!