We are fast approaching my target at $1700 and I think the time will soon be ripe to take the hedge off and perhaps even increase my long trades. The Gold rise has been fuelled by government printing presses in the West and with the SNB and BOJ joining in by turning on the presses to pay for FX market intervention, Gold will again be sought-after on dips. The interbank market has been saying for weeks now that the ACBs will be buying $1625/$1650 so I’m sticking some bids in starting at $1700. I’m tipping a $1650/$1850 holding range for a few weeks before the bull run begins again in earnest.