The longer term chart looks like this is going much higher based on the massive amount of buyers coming in. It is much stronger than its sector and has the Canada Pension Fund as one of its big investor. I'm sure they did their home work before plopping down $550 Million of its members money. The low test that we had last week meant that there were no more sellers and this week they responded to that test by breaking out of that test bar. Gold has finally broken out to the upside today after several days of accumulation.