It's important to watch how gold outperforms between two obvious assets like Bonds and Stocks. Using GLD and two most liquid ETFs to represent each asset class TLT and SPY.
IF Gold is in an uptrend, it is going to be outperforming its alternatives. I think that’s exactly what’s happening here. We still want to be long Gold if we’re above 1300. That hasn’t changed. That 1550-1580 level looks like the next stop.