YTD GLD HAS MOVED FROM $1135 TO$1287 (150+), BACK TO $1214 (63) AND RALLIED $114, AND COME BACK DOWN TO HOLD $1,260 FOR SEVERAL WEEKS WITH 4 CONSECUTIVE HIGHER LOWS. IN MY LETTER I GAVE THE ORDER TO BUY THE GLD 12/122 CALLS @ $1.05 (- .40 FROM THE CLOSE) WE GOT FILLED THIS MORNING ON THE OPEN AND I BELIEVE IF WE BREAK TO THE UPSIDE (1,290 CLOSE) WE WILL MOVE TO TEST $1300-1320. OZ