PrimausIMO it has less to do with the Dow and more to do with...

Primaus

IMO it has less to do with the Dow and more to do with the current, but more specifically the future assumed, price of gold.

I went long yesterday morning after the initial gold surge to $930ish. My initial target was $3.92 based on my tech resistance level. We reached (almost) this point earlier ($3.91). I'll see how the last hour pans out to determine if I exit my longs.

But with the smell of inflation talks re-entering the US fed discussions, it will pose well for the POG in the long term (as per the surge to $945 overnight).

With the whipsaw action in the POG on a daily basis, it is difficult to hold positions overnight, as gold can move $20-$30 quite easily in one session.

Cheers