![](http://photos1.blogger.com/blogger/3426/1040/400/111605%20gold.jpg)
Here is an hourly chart of December gold futures showing pit and electronic trading.
I think gold is headed first to 490 and then, after a brief reaction, over the 500 level. I think we will see a bull market top somewhere in the 500 to 550 range and then a drop back below 400.
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