The top chart is relevant for both short term traders and long...

The top chart is relevant for both short term traders and long term investors as the breakout now looks more significant especially with gold rising last night through the higher downtrend line despite weak equity markets (except HUI which held its ground).
This consolidation does look complete based both on time and price.
The second chart looks at the long term picture.
Gradually increasing slopes of the trend lines suggest this is going exponential.
It’s nowhere near vertical yet but the next leg up could be larger and more rapid than the previous ones.
It will be an interesting couple of months and years and based on these charts and on the fundamentals I will stay invested in gold stocks.
A break out through $1,900 and into the $2,200-2,600 range and Buccaneer will likely be worth more than Old Pirate (depending on how much OP grows).

There are never any guarantees, but I can't see how we can expect a clearer signal to buy gold stocks at still very low prices.
We could wait for a clear break through $2,000 and buy at double or triple current prices but then there's no fun in that :)