With gold consolidating so close to all-time highs, the deck was stacked for a breakout.  While the pundits pointed out plenty of good reasons why the metal should sink, perhaps even sharply, the gold chart showed that the path of least resistance was higher. 
And that’s exactly where it went.  Over night, nearby gold futures broke [...]

 
A few weeks ago, gold looked like it was headed south.  For several days, the gold ETF (GLD) hugged the bottom of its trading channel, and appeared as if a breakdown was imminent.
But today’s action changed the picture entirely.  The high-volume 23 point rally shot gold through the upper bound of congestion.  Dozens of gold [...]

With many junior miners up 200-300% or more off of late 2008 lows, its tempting to label the move a speculative fervor beckoning for a pullback.  The argument has logical appeal, but what if gold holds steady or even rises from here?
To see the possibilities, one need only to pull up relative price charts that [...]