Gold itself is setting up as flag with potential target of 1520 with weekly chart showing a wedge and target of 1610. GLD (NEW) - Another way to play the move on gold. Possible entry if gold breaks 1431 or break of 135 on GLD. Stop signal 130.43, Target 145.83. Could Consider October 137 calls currently 3.13.
@Dscott30, Hi! This is a stock and Option play for us. We leveraged the idea by buying September $35 Calls yesterday on the breakout on NUGT (the tripple gold miners ETF).