When gold touched above $1,300/oz everyone got excited. We are still watching closely to see if it stays above $1,265/oz in the next few months. That would be the sign of a solid bottoming action and turning bullish. Ideally, we would like to see it well above $1,300/oz and then a renewed strong confirm above last March's high around $1,380/oz. It's looking good so far. This is going to be a very interesting year.