"Gold and silver reached $US 1161 and $18.88 yesterday and have pulled back to $1144 and $18.37 thus far today.....tho' firming back up as I type. I do believe there are treasury auctions over the next 3 days and a gold/silver pause until Wed.-Friday is my druthers as explained yesterday, but if these metals are super bullish the pause would be more sideways than down."
You are spot on, Pic. In spite of these auctions gold and silver hardly correct, which promises a lot for next week, when we are auction-free (unless they just added two auctions on January 19th, as it seems). I bet next week many miners will break out to higher levels.