John Rubino – Does $1300 Gold Matter

Today gold broke $1300 per oz. Is it hallelujah time? Let's see what happens. Gold's price behavior has changed markedly over the past 3 months. We're seeing higher highs and higher lows. Sounds like a trend change to the uninitiated. However, we do have the overhang of a very negative COT report. This probably means that we're going to see a reversal, but it might very well be shortly lived. Exciting times.