No .... not yet .... just a nice, steady inexhorable stair climb to its $400+ launch pad.
Once that happens a bit further down the track then the term "ballistic" could well be used to descibe gold's post $400+ (US) behaviour.
In this market, with a rising gold price, charting paradigms for major gold stocks, need to be adjusted - breakaway gaps quite often are simply not filled as prices move up strongly.
It should be a steady but positive day for gold majors today. NCM will still lead the pack, and if true to form will close strongly after some mid day profit taking.
