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Gold is Making Its Move towards $1,000

|Includes: SPDR Gold Trust ETF (GLD), GOLD
Just as it is prudent to top up your flood insurance ahead of the hurricane season, investors are loading up on gold ahead of the treacherous September-October stock trading period. Yesterday’s $22move up shows that attempt number six to run the yellow metal up to anew high has begun. Silver happily tagged along for the ride, tacking on 70 cents to $15.49. Historically, September is the best month of the year to own the barbaric relic, showing an average 3.5% gain over the last 20 years. The onset of the Indian wedding season, Ramadan, and the run up to the Christmas and the Chinese New Year jewelry buying binge are all conspiring to give gold a boost.  A tip off this was coming wasthe big put selling seen for the shares of the gold ETF (NYSEARCA:GLD), and Kinross (NYSE:KGC). One good way to play gold at this late stage might be the shares of highly leveraged unhedged producers like Rangold Resources (NASDAQ:GOLD), Jaguar Mining (NYSE:JAG), and royal Gold (NASDAQ:RGLD).Confirmation that the markets are moving towards risk aversion can be found in the euroyen chart, which hit a one month low at 131, after double topping at 140.50. If gold does break, it could tack on 20% very quickly to $1,200. Load up on those American gold eagles. If you wantto know where to find them in size, check with the experts at www.millenniummetals.net by clicking here.