$1400 is NOT priced in.
I'm doing this a loooong time.
I cannot post chart as they don't let us anymore, but do this;
Overlay the GLD chart onto the HUI chart.
Then overlay the GLD chart over the GDX chart.
Use dates back to 2001.
Then zoom in and look at 2010-2013.
Believe it or not, HUI, which represents the miners, is actually still CHEAP compared to GLD.
Miners "looks" oversold, and days like today they get a dip, but they are WAY too cheap and not ahead of themselves.
Hope you profited.
We should be getting up to what I called.
Based on last week's COT report--I know the commercials shorted, and now shorts are covering.
Getting interesting QUICKLY!
Be prepared for what'scoming after that.