Thats the biggest jump in a year. Whats it doing . Its going above 1300 an ounce which triggered a rush by some funds to cover their short positions. Now you see gold up 40. 50, but london gold is still down for the year. So, listen, you dont want to get too excited by a single days move. In the next hour were going to pick this apart and look at it with peter schiff whose gold fund just went public on friday. Is his timing brilliant or not intelligent . Were going to find out how high he thinks gold are go. We need to look at home sales as well, they are going in the opposite direction. We keep talking about home sales being a really good economic indicator. Well, in june existing home sales did fall 1. 2 . While lower, its important to remember that the annual rate of 5. 05 million homes is still 15 stronger than we saw a year ago. The one month drop, month over month, is believed to be caused by rising Interest Rates. So there was this panic, and then people backed away, right . And