Gold Prices Nudge $1250/oz, are you Prepared?

Kitco.com reported on Gold Prices Nudge $1250/oz, are you Prepared?

Gold prices popped up above the $1250/oz parapet today to survey the economic landscape before easing back to close at $1237.30/oz. Gold is now poised to to set another new all time high and when it does gold prices will be once again, be in unchartered waters. Also note on the chart that the 50dma and the 200dma are moving up in support of gold prices which is a positive sign. The MACD has just had a nice crossover, again a positive indication for gold. The RSI is heading north and as it is sitting at 62, it still has room for a little more upward movement. The Stochastic is in the overbought zone at the moment but hopefully it can move sideways as gold pushes ahead.

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