There was a slight error in the troy ounce calculation that has now been updated.
Russia is offering 5000 Rubles for a gram of gold. This chart tracks what is happening in real-time to the implied gold price in USD and the USDRUB fx rate needed to match the global Spot USD price.
Gold currently has strength but i suspect it will only be for this week. The 2nd half of July will be weak for gold and an opportune time to start picking up positions in your favourite miners.
The trend appears to be down now that the uptrend line has been broken. A retest of the 1350-1360 level looks likely over the next 10 days.
Gold has broken it's uptrend line today and a test of the breakout 1350-1360 will be likely in the next 10 days. That's the time to load up on your PM positions!