gold up again

For what benefit it is .... the price of gold went up again overnight and was somewhere above US$1,007, about the same level as its recent high point of late last week.

Currently it is at US$1,006.45.

So the daily chart since September 2nd seems to have an overall upward trend to it.
Now I'm not a chartist!

But looking at the pattern of rise and falls over the days of September so far the general upward trend is evident.

There have been a couple or three strong surges in the last week above US$1,000. While there was drop back to about US$985 on the 10th Sept., the surge to about US$1,007 on the 13th and then down to a not so deep low of about US$996 continues to suggest to me that momentum upward is building. IMHO

What the benefit is for MXR remains to be seen.