Gold has cracked $1680, hitting the highest level since early April. Aside from bonds, gold is the most ‘pure’ QE play.

The chart is a beautiful outside day after falling to $1645, which is a successful(and necessary) retest of the $1641 breakout high.

Minor resistance at the late-May, early-April highs of $1648 and $1697 but I expect solid buyers on any dips.