Please take the time to listen to this recording of today's A2A webinar. It's full of great information but the first 11 minutes, where Jim explains the massive purchase of Dec15 gold calls yesterday, is worth its weight in gold. (Pun intended.)
Two things that go along with this recording. First, Jim mentions a "great book", one that everyone should read called "Beyond Greed", the story of the Hunt's attempt to corner the silver market in 1980. Here's a link: https://www.rebelmouse.com/redyspverpleredic/beyond_greed-310170525.html
Jim also mentions the Relative Strength Index for gold. Here's a definition if you're not familiar with the term:
And here is a daily Dec gold chart with the daily RSI. Note that it is washing out but could still get worse/go lower.