When gold is at $5,000 (or higher) the action over the next few days/weeks/month(s) will just be an interesting observation. As helpful as the very short term prognostications of people like Gary Savage may be for sophisticated traders, they could have a tendency to cause people to sell just before the next big move up. Therefore, if you believe gold is ultimately going much higher over the longer term, and unless you are a very sophisticated trader, you might want to consider just using any pullbacks (if there are any) as opportunities to buy more real money before the phony money goes the way of the Weimar Mark, the Turkish lira, the Brazilian Real, the Mexican peso, the Argentine Peso, or the Zimbabwe Dollar. Having been at this game for 4 decades I plan to just be right and sit tight.... as Jesse Livermore imparted the wisdom of Mr. Partridge in his book Reminiscence of a Stock Operator......... http://www.amazon.com/exec/obidos/tg/detail/-/0471059706/qid=1043167921/sr=8-1/ref=sr_8_1/002-9717953-8350428?v=glance&s=books&n=507846 http://www.zealllc.com/2003/jesse06.htm (Chapter V) … “And right here let me say one thing: After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I’ve known many men who were right at exactly the right time, and began buying and selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine – that is, they made no real money out of it. Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money. It is literally true that millions come easier to a trader after he knows how to trade than hundreds did in the days of his ignorance.” We live at a time when almost everyone has access to fairly sophisticate tools for technical analysis to make decisions. From the average day trader to the High Frequency Traders at Goldman Sachs and other high buck firms. As a result, the potential for the really well heeled to USE those technical tools for their own gain by "shaking the trees" is VERY HIGH! An "apparent" break to the downside or upside may all be just a tool to shake you out. I used to have to make my own charts on graph paper....today all of that is automatic. Bottom line: Be careful not to let the short term fluctuations over the coming days and weeks cause you to do something to try to catch the last nickel and lose thousands! If you are not overextended or on margin, it might be best to just "sit tight" and just watch the show! I think we will all enjoy the ending!