Quick GLD / Gold Update

Gold just gapped up as gold futures surged just before the cash open on apparently no catalyst, but as you may recall, we have been expecting a move higher on a swing or short term basis. The GLD 6/19 $114 calls are at a 50+% gain so you may want to take a look at those.

I'm going to give it a few minutes and see what the 3C charts say, whether they confirm the move or not before deciding.

GLD 15 min with today's gap up in white. We expected a move in to the gap at minimum so we are getting pretty close, this is why I'd rather wait a bit personally and see what the charts are saying, whether there's more to come or this is a quick grab of a +50% gain.