Uh oh, Gold!

Really trying to get a take on this Gold position of mine. Do we have deflation? Do we, or will we, have inflation? Remember, even Dr. Summers doesn't know. I also think traders don't know. Seems that Gold is bouncing around, looking for something to do. However, technically, the chart below could be pretty damning because trendlines and their breakdowns are powerful:

You can go back any period of time and you will find Gold and the Australian Dollar move similarly. Australia, after all, is a huge producer of Gold...it's a commodity currency...and its GDP is largely affected by it.

In the DailyFX chart above, you will see a significant break of the AUD/GREENBACK trendline, in price AND in relative strength. This is why I bought the Gold puts...risk losing a little, in case of a Gold move up OR risk holding Gold (as a defensive position) to protect your account but make no money on it until it goes higher...which it surely will do.