Despite its assertive movement right now, gold has not surged to the upside with a fury. A Reuters report this morning sagely points out that if hiring and wage numbers improve, the Fed could authorize a rate raise earlier than previously announced. Given such a raise, some investors could cash in their gold in favor of moving into interest-bearing accounts.

Still, prices are holding well above the $1,303 100-day moving day average. Also, Moscow’s inability to limit violence in the Ukraine, and the latter country’s tagging of a downed Malaysian airliner with 279 passengers as “an act of terrorism,” supports investors’ current need for a safe haven.

If you’re presently contemplating an investment in gold, you might want to pay more attention to the fundamentals than to the technical indicators. As I write, Israel just began its invasion of Gaza. It announced this move at 10:39 Israeli time. This invasion could cause a surge in the price. Such a conflict asserts a tug on many nations — the US, Russia, France, Britain and others — and economies could get out of control.

If you’re concerned about another sell off or test of the $1,298 level, dollar cost average your gold purchase — buy some at the current price, and the remainder if we do test that level. When gold surges towards the end of the year, you won’t sweat the $22 per ounce difference in your two purchases.