I mention GoldCorp(GG-NYSE) as it is ready to break from the gate. I have in the past viewed a close above the 32.50 level on GG as the beginning of a move towards the 70 area. GoldCorp's last is $34.46 in US dollars. Just in the past few days the shares have moved higher past the declining 200 day average for the first time since last July or so and above the 32.50 level which is the neckline of a big head and shoulders bottom formation.

Is this the beginning of the XAU Index busting through the restraints of its overhead paper short supply area at the 1000 day average area at about 138 on its chart? If we move ahead in here past this area, the whole group not in the XAU Index will enthusiastically participate. This potential move, if it happens, will be a shot across the bow of the shorting factor in the low priced pm companies. If these guys don't get the message that their days are coming to an end with this expected important move they will be financiall hung in the public square for all to see. We will have our revenge.