Gold Flirts With $1240, Now What?

Today's top tick for the most active (Feb.) contract was $1239.00.
$1231.90 up $37 last.

I bring this up because on Oct 16 we posted:

"Fed's Plosser Says Monetary Policy Cannot Do Much About Economic Threat from Ebola"

-ZeroHedge

Trend Analysis:
A close below DJIA 15,000 would indicate the need to implement a guns & ammo hedge with either the prepper food or MRE overlay and, if your counterparty offers it, a bunker option might be wise to cover some black swan risk. Buy gold.

(just kidding, a gold short at $1240 sounds lovely)

And more importantly on Dec. 1:
"P.M. Kitco Roundup: Gold Soars to 5-Week High on Major Rebound; Bulls Regain Technical Momentum"

Crapski.
Kitco spot up $46.30 at $1214.80. We are bearish but this move could run to $1240-45 before it resumes the downtrend....

And, wary reader queries, now what?
Beats me. Cool chart though:

FinViz