Gold Futures (U.S. $459.50)

Gold has nudged above my $456 short term target high (some reports show an intra-day max approaching $470), and it is now due for a rest in a powerful long term uptrend. The commodity has a habit of making stunning spike highs followed by equally exciting setbacks. We are finishing an upward spike now. Hold onto your hats once it turns to complete its next short term correction.