The StreetTracks Gold (AMEX: GLD) found support just below 90, at its 50 day moving average.

That means that the trend in gold is still up, until proven otherwise. To be sure, traders got stopped out last week. But it seems as if positions are being re-established.

That suggests that another run at the $1000 area is likely to be in the cards.

Much is likely to depend on the price of other commodities, and how easy central banks continue to be with regard to the money supply.

And if recent comments by the ECB's head, Mr. Trichet, are any clue, it's going to be pretty easy to find money in the next few weeks and months.

That means that gold may just get one more chance to shine.

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