I’ve been looking for an excuse to visit the Big Apple when Central Park is in full bloom this May, and here it is:  If June Gold doesn’t surge to at least 665.50 by mid-May, look for me in Times Square dancing the hula in a grass skirt. Since a run-up to the target looks like as close to a sure thing as anything I’ve ever beheld on a 15-minute chart, I may have to come up with another reason to make the trip to Gotham.

The tip-off that new highs are imminent can be found in the cluster of intraday peaks near 638.00, the hidden-pivot soul-mate of the one I’ve identified at 665.50. The fact that the futures struggled at precisely 638.00 implies that once above it, they’ll make a beeline for the higher number. Yesterday was the first time the June contract closed above 638.00, and that’s what clinched the projection of a rally to new all-time highs in the weeks ahead.