Charts are breaking down...I'm not into HGD because I've taken too many lumps on this one...however holders might be assured by the fact that there are many, many gold co charts that are breaking down today. ARZ dipping below 50 wk, JAG too, SMF's 2nd close below the 50, IMG turning back down below the 200 wk average (although this one has been a dog all the way through the rally!). I'm not sure if there is another upleg in the gold rally, I guess one could be if there was a default in the eurozone, but they seem to be able to cut that off at every opportunity. We;ll see I guess, but it looks like HGD is prepping for a move back up. IMO