Interest rates soar, what could be worse for gold? Taking a long term shot here. Bought 170-220 June 22 call spreads in the 7s. Price is at the 20 month moving average now. Well, that means nothing I guess. Prices could always go lower. But with such a long time horizon, the short term volatility represents a decent place to accumulate. Extending the trend line to June 22, looks like to could be 192 so this should pay off. If it goes lower, I reassess trends and add more.