beach ballGold has broken above the huge resistance at $1130.00.  As physical gold continues to travel eastbound, the backwardation of gold in both the LMBA and the comex (indicating scarcity) set in motion today for the gold price to break well above the 1130 dollar level. You will recall that $1130 was the price that the bankers raided in November for 50.00 dollar loss.  It was a daunting wall to climb but finally gold pierced that level much to the chagrin of our bankers.  We are now headed for the 1200 dollar level!