i simply meant gold always moves in opposite direction to nominal yield like bboz with XJO, and i did not mention gold miners. i wouldn't buy gold at 1500, i buy miners like ncm because pay good divs (wish they'll be as generous as fmg), and for ncm the future growth isn't priced in. bboz is not a long term hold, you day trade it or swing it at max for 3 days, the decay will eat you alive over 1 month or more.