What does a short term interim top mean? It's easy to make a call like that because no one knows whether you speak of a one hour correction, a one day correction, a one week correction, or even a one month correction. All of those are short term to someone who is a long term investor.

I will post a link to the chart I use for gold. It is not short term. The oscillators have a long way to go to reach a "really overbought" condition. The inverse H&S bottom projects near 1300. The completed 3rd wave projects at either 1400 or 1500 depending on the point one chooses for the completion of the 1st wave (approx 850 for an ABC correction or 950 for an ABCDE correction).

This run looks to be similar in form (but with more intensity) to the runup out of May 04. We are just past the flat 1st wave correction of that sequence in the current time frame. In essence we are mid sept '05.

Look what's coming! Who cares about tomorrow or next week? This runup will not get overbought until the RSI reaches 80 or thereabouts. Then its liable to hit 80 three times as it did on the way up to the May 06 high. Even then I wouldn't think of trading gold or stocks because things will likely get manic by then.

The U.S. is facing a currency collapse or severe devaluation, why fret over daily activity.

My brother was in the Air Force years ago and they added an eleventh and twelfth commandment. He forgot the the eleventh but the twelfth was, "Don't sweat the small stuff." (I cleaned that up a bit from the way it was told to me).

Since I subscribe to Stockcharts I have all the features and use them in my charts. I will next paste in a link to the chart, but it's very possible that those with just public access will not see the chart as I will post it.

http://stockcharts.com/h-sc/ui?s=$GOLD&p=W&yr=8&mn=0&dy=0&id=p32003764007&a=138315815

P.