The rally on gold is about to pause for the short term, 1300 will not be broken yet. The U.S dollar is looking very likely to rally from here as the 92 support level is very strong, and the us dollar is very over sold while gold is over bought. The U.S dollar rally will put short term pressure on gold. Expect gold to go to at least 1260. I would like to see it hold the 1240 at the least, otherwise it could fall back down to the 1200 support which I do not expect to happen. I believe after these two things play out with the dollar and gold, we will finally have the fuel to break past 1300 gold, this will cause new money to go into the mining sector, and we will all be very happy investors assuming your positioned right!
Its coming closer to the end of the month, and I have been waiting before I shared this piece of knowledge with you. Last year, Frank holmes said 80 percent of the time, gold moves up in September and corrects in October. This is extremely valuable to know, and I suggest you write it down and never forget it. 80% is great odds.
Happy investing, lets make some money!