I've always admired Adam Hamilton's work.
"So despite gold stocks’ incredible surge so far this year, this sector remains far from overextended. An index merely regaining an already-low level after gapping down is nothing to fear technically. It does not show overboughtness on anything beyond a very myopic weeks-long perspective. The tiny baby bull market in gold stocks remains in its infant stage, with the vast majority of its gains still yet to come!"
Extracted from http://www.mining.com/web/gold-stocks-tiny-baby-bull/