What goes up too fast needs to stabilizeMy hunch is that G needs to pull back now and consolidate around the $40. mark for a while to maintain the climb.
I sold covered calls on my G shares today. Doing a takeover at the current price would be an indication of poor timing and blind management on the part of the aggressor IMO. It is better to buy low and sell high, rather than vice versa.
Gold is looking bullish, however, the upcoming and necessary market consolidation will also take the miners down with it for a while IMO.
After the stellar gains we have experienced, the old cliche 'away in May' may have even more merit than usual.
Good luck to all.