Hey Ron, thanks for the 'relevance' :) Definitely good to have arguments for both sides presented to provide some balance...afterall, that's what makes a 'market' eh. I try to keep a flexible attitude and open mind to future possibilities and I certainly can't rule out the possibility of a larger correction in the precious metal sector.

But it seems to me that the ultimate top for Gold is not near yet. Back in January 1980, Gold's previous bull run peak, folks were literally lined up outside Canadian banks trying to buy physical product. People were practically foaming at the mouth over the stuff and bidding up the price in a buying frenzy. That's what I suspect another 'top' will look like this time...but, so far, there's none of that...Gold, and particularly Gold stocks, remain a hugely underwowned and unloved asset class..the public may have finally come to accept Gold as a viable alternative currency and asset class again, but they have yet to put their money behind that idea in significant numbers here in North America...I know of virtually no one in my area, family or friends, that owns any Gold or stocks, but maybe my circle is not representative.

Anywho, I guess we'll see how things unfold in the coming weeks. The weekly Gold chart still looks good to me, with price above all 3 MA's after a successsful test (so far) of the 10 and 40 this morning. Still has some work to do to prove itself though...a break and hold above $1700 would be a decent start.

Hope all is well for you down in sunny California these days.

Best regards