GoldCorp's Canadian price on the charts looks like support should come into play at the $25.88 to $26.42 range. If for any reason $28.88 gives way to weakness, watch out below. Here's hoping the range continues to hold as suspected important support BUT with gold appearing to want to break the $1,200 level and in doing so, all bets could be off in a hurry. What concerns me for both gold and the gold shares moving higher is the very great majority, including gold, remain in an intermediate down trend phase which should be respected until things change, resolving themselves to the upside.

http://stockcharts.com/h-sc/ui?s=g.to

Speaking of trends, The Dow Jones Averages continue to be in an intermediate bullish phase with another all-time high being registered today with continuing talk of its iminent collapse from many analysts. I have heard predictions of 6,000 followed by 3,000, later. What or who do you follow, a trend or the naysayers in this case?

Reminds me of some gold promoters, as Martin Armstrong calls them, predicting $10,000 and $50,000 gold while gold investors have been eaten alive, especially in the general Canadian exploration sector. Don't get me wrong, gold could easily start to have its day in the sun, starting about the end of this year. Fighting the established trends, in any market, proves always to be very expensive but then again, we have the analysts to guide us. What a joke some of these failures are.