It's a spike. No doubt gold should be higher than what it is, particularly given current state of financial system. For mine, the whole place is way too volatile at the moment.
Yesterday, I got stopped out with NCM when it had an early afternoon slide. Bought at 1895 so did OK, but I had tight stops for a reason - to lock in profits that can quickly disappear in these conditions.
Good luck to LGL, NCM, PNA holders today!
By the way, CQT and St Barbara are forming interesting bases on their charts, might be time for their rise...
