Both the USD and POG were up today. Safe haven play? Gold is sitting at resistance but performed well in the face of a rising USD. TDC closed above my target but I would like to have seen a tighter spread between bid and offer to support this level. Volume is definitely coming from outside our group unless we are suddenly more optimistic.

The above optimism leads me to believe that in a few days the POG may be taken down to satisfy the shorts. Only temporarily of course and TDC should now stay above .145cdn even under pressure. I have not been adding to my position lately but I will place bids at the .145 level to see what comes out of the woodwork if a takedown occurs. It may seem to counter our wish to keep the price high but the object of the game is to pick up as many shares as low as possible.

Woodstock