Right now gold is hovering near $1,800 per oz even after the CME announcement hiking gold margins by 22%. I like gold but I wouldn’t be injecting fresh capital at these price levels especially after gold’s parabolic surge the past few weeks. Late spring of this year the CME raised margin requirements on silver 4 times over a period of a week and silver violently crashed to the downside in a blink of an eye. Silver still hasn’t recovered its 2011 price high after the early summer tank job and is struggling to keep up with gold’s up move the past week due to its industrial application in a sluggish global economy. If gold continues to rise from this point there’s a likely possibility of the CME stepping in again to raise margin requirements to slow down gold’s upward momentum. I’d like to see a nice pull back before acquiring more of this yellowish lustrous chemical element.