GOLD is on its way to hitting $1400+ and breaking out of its multi-month consolidation pattern. I strongly believe that GOLD has officially turned the corner, and wont be trading in the $1100 range anytime soon. The only direction GOLD can go from here is UP.
You can play this move by BUYING some CALL Options on GLD, which is the Gold ETF.
Here is a Daily chart of GOLD:
Also, the fact that The FED is firm on continuing its QE program at least until mid-2014, the Bullish case for GOLD is pretty strong. The Beast will rise.
Price Target: $1400+
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