I am not an old hand at this, but here are my two thoughts on the subject. 

First of all, while I think gold has considerable upside, over the long term it doesn't do much more than keep pace with inflation.  An ounce of gold 100 yrs ago bought you a fine suit of clothes as it did 30 yrs ago as it will today.  Short term... the pendulum can go to extremes.

 second, I would think that drill results waaaay trump the price of gold in KXL's case, as the property is some time from being sold to a producer, let alone the beginning of mining.

Any thoughts?