I think the gold price action is looking more and more like a...

I think the gold price action is looking more and more like a consolidation with upper range of $1400-$1500 being the new support and the norm, before taking on the range of $1600+. Gold price chart on long term looks like a cup & handle pattern to me.

On the short term, I don't expect much of an upward spike, given that we don't have a black swan event, which is always a possibility. 1-2 years' time is when we should see meaningful, solid gains in gold price that are more permanent.

Given that the goldies are mostly 'corks in the sea of gold', this is where I focus my predections, at a strategic level. Then it is just a matter of picking the better gold ones out of the large pool of them in the ASX, and I think SBM is one of the better picks.

You might want to look elsewhere for gains in the short term, but given how overvalued the markets are now in general, I'd say that would carry more risk.