Whenever gold’s uptrend stalls for more than a couple of days, as it now seems to be doing, disappointment never fails to surface in the chat room. Let me reassure you, however, that impulsive rallies such as the one shown in the chart seldom simply sputter out before getting second wind. Notice how the 954.00 peak recorded last Thursday exceeded four prior peaks, including a daunting “external” high created last October, and another — a look-to-the-left-er — before the rally went into a so-far three-day consolidation. This is unambiguously bullish, and it would take a swoon this week exceeding 875.70 to make it any less so. Under the circumstances, a test of $1000 would appear very likely. The challenge will be to catch a ride north on the lesser charts. The least risky way I can see to do this would use a b-c pullback from just above a tiny, 948.70 peak made on the way down last Thursday. It is easily visible on the 15-minute chart, if you’re interested. ______ UPDATE: Gold blasted sharply higher overnight, hitting 975.40 so far today. My minimum upside projection for the near term is 995.00, a minor Hidden Pivot ‘D’ whose sibling midpoint has already been surpassed.