...but remember, before you spend your gold paper gains, that 98% of breakouts come back to test the broken resistance line as support. (in my experience)

Meaning, that since the HUI index (for example) broke through the ceiling at around 580/590, as gold broke through $1440, PM prices and PM share prices should return to these levels again, after the initial impetus, testing prices from the top - to see if they hold as support...so a (sometimes violent) 5-7% correction may be expected.

This may take a week or two, establishing the new support base.

Individual share prices don't always follow along, as each company is different and has it's own paradigm. ECU's extreme oversold chart could continue climbing during this period, especially if more drilling news is released.

The bull will then break out in force, as the shorts cover en-masse, and even the sad juniors will fly again. (I hope)

In spite of this, I will not be trading my position here, and will personally be cracking a nice bottle from the wine cellar this weekend regardless of any price retrace; but I'll buy some new bottles, only, when the retest is complete.

lp's, g