An important week on the monthly chart

Dow Theory Letters writer Richard Russell has been there, seen that. In remarks published at 321gold.com, he reminds us:

Gold closed above 800 in 1980 on only TWO DAYS. Gold closed on January 18, 1980 at a price of 830.00. Gold closed on January 21, 1980 at [a] price of 850. The next day gold closed at 737.50. Gold in 1980 never closed above 800 again! The price of gold at the end of January 1980 was $659.

Gold has never in all history ended a month at 800 [or] above. This Friday will mark the end of the month of November. If Friday's gold is at 800 or above, it will be the FIRST TIME GOLD HAS EVER CLOSED A MONTH IN THE 800s!