Here early today to announce a trade in gold. Gold moved up $8 today. I hope I'm not chasing the move but I am. However I am believing this is a multiweek upmove. The weekly charts are just getting started to the upside. I did something that I don't usually do and bought some August calls. Normally I think that options are a short term trading tool. I really think that that's what they do best. However this move in gold should last a while as long as the dollar stays weak and the geopolitical landscape remains uncertain. And those trends I expect to continue. I didn't put a lot into this trade, only 5 contracts for the NEM 42.5 August calls. NEM is up a buck right now to 39.90 or so. I'm not sure how this will work out, there is a lot of resistance at 42.5 for NEM. Plus it's out of the money with its price based on time and volatility premium. It could be a bad trade, who knows? The next few weeks will tell. I'll be back around closing time with the daily update.