I agree with @dollarvigilante. If anyone knows about the Elliot Wave principle, it is clear that Gold is ready for wave 4, which is basically an upward move, giving it a price target of $1430 per oz atleast. Also, come September..and we will see that the Fed has declined to hike rates again. The reason they cannot hike is because the gdp has been plummeting month after month. The Fed minutes released on Monday has Yellen saying "we are not in a hurry to raise rates." Gold is a quite safe bet in such a volatile environment. Good article @dollarvigilante