**** CLICK on IMAGE for FULL SCREEN VIEW ****I took the gamble of getting out of the hedged position on the gold index, GOX, and it went parabolic on me. Today (Friday) it lost a few cents. I believe that it will come under some profit-taking; when I say "it" , I really mean the gold shares that the index represent.
I still show a profit of $1700. The one thing that does concern me is the weak dollar, as the US Dollar index fell below 80 today. Technically there's no support below 80. A weak dollar is generally bullish for gold.
