Gold is breaking higher and will trigger an Intermediate Term Buy Signal on a close above 179.20 (currently trading at 179.15). The perfect October storm would be GLD and VXX rising while the stock indices accelerate their decline from early September highs. GLD Buy Signal on a close above 179.20 (good through October 9th) Option if triggered: GLD Nov 20th $180C (currently 5.10-5.15)
