The one reason gold would skyrocket as I said before is war with Iran, and now we have some explosions in the Strait of Hormuz. $GLD will go to 132 - if no war it will drop from there.
הערה:
Expect a run-up until the FED meeting - when the FED WON'T cut rates yet (look to September-December) - then gold will get smashed back down...