Gold’s Trendline

 | Dec 30, 2014 11:27AM ET

As delighted as I am to see Gold’s strength, I would caution precious-metals buffs that it is simply pushing up against its broken trendline, precisely as it did last Friday. I’m not trading precious metals at all these days, but I wanted to chime in with this sobering reality in the face of a nice double-digit pop this morning.