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One bad jobs report and bang! Gold will rally sharply. Plus, inflation anyone?

Looks like there are a couple of open gaps at 40 and just below 38. I may have to nibble at 40 and again at 38, with a stop below the Dec low (< 36)

I guess I should have taken day one's profit. Today's gap down stopped me out. :notrust:

I suspect it will be a volatile trade so I won't hold it long. I see gold is already up $25 in overnight trading, but who knows where it will be when I wake up in the morning? :sick:

Rolling the dice... I'm buying some gold ETF (UGLD) here near the close. Big sell-off today after Bernanke. Gold down about $90 an ounce on the day.