Let's reflect back to seasonality...

We can expect a bit of a pull as we enter March... but it all goes well we could be back up again shortly after into mid MAY... there are several other factors, but that's what it would suggest. According to the SPDR GLD we could revisit 150-154 in the short term if 159 doesn't hold (translates roughly into POG with a factor of 10). It's tried a downward poke few times with no success. It appears to be trying again. If there is a down draft in the general market it could happen. As far as our little friend... MTO - the cohiba is still in the humidor (but the Canadian rye is good medication for the COLD SNOWY WEATHER).

SPDR GLD: