Gold spurted past the 200 day average at 1628.87 with a last of 1634.70, up $23.70 or 1.47%. Although this will continue to be a tricky area, things are much improved from yesterday. The forces of evil are expected to defend this area from a major push above it. Although gold did hit about $1641 in earlier trading, it appears premature to be sending out invitations yet for the re-establishing of the metal above its 200 day average party.

Taken by surprise, the anonymous naked shorters are mixed in here with some standing fast by offering more shares like in Probe's case while others have second thoughts with the major gold indexes fairing better today: Gold up 1.47%, the XAU gold and silver stock index up 2.53% and with the HUI gold stock index up 2.20%.

One way or the other, gold will not stay in this turbulent current area very long and it is hoped that this jerking around is resolved with sound footing being established at the 1629 average area preparing for an earlier than expected resumption of its bull market.