You may have heard talking heads speak of a H & S top in gold. but others say that a real H & S pattern must be established over a longer timeframe than a few weeks, and that volume also speaks of continued rally.

The argument will be put to rest if / when gold takes out $1424.10, all time nominal high.

We are within $18 of that right now....

I think when we break $1,600 it will really turn on the gold sector. Any junior with a resource will be profitable at those levels. Tyhee insanely profitable. The math gets real easy at $1,600. Even if you assume costs rist to $600 per ounce when Oil goes through $100 again, Tyhee will be netting $1,000 per ounce. A billion dollar company, once permits essentialy in hand. Sitting on several billions.

Remember, the way they are throwing away billions and trillions in the US and EU, the decimal places have moved. Gold in the thousands becomes not only realistic, but in my view, necessary.

I have always believed that the ounces below the resource, and in yet to be discovered deposits in Tyhee's property, will produce as much as TEN MILLION ounces. Carl Sagan units of value here. Going for pennies? INSANITY.

SKELEG