Ever since Thursday of last week, when gold closed over $30 higher prices have advanced. Although Friday’s gains were fractional, follow-through buying today took gold to its highest closing price since Wednesday, September 22.

Editor’s note: This is possibly one of the most important shows that we have produced this year and differs very much from the opening letter.

A multitude of factors resulted in a strong upside move in gold, gaining a little over 2% on the day. Today, Janet Yellen, the Treasury Secretary of the United States, testified before the House Financial Services Committee.