Watching the POG hang in at $400+ is a pleasant way to start the month -- it will be interesting to see if they will let it close there or if they will make a concerted effort to bring it back down before gold closes for the day. Either way, I expect to see gold to make a run before profit taking sets in and the length of time that it took to get above $400 leaves open the possibility that it will be able to hold this area without a large pullback due to the profit taking when it does hit.
It has been a wonderful ride, and I do not think it is over.