So that it can be found archived in the touts section, let me repeat the outlook for February Gold discussed in today’s commentary:  To keep shorts on the defensive, the futures will need to push on, taking out the fifth peak at 1170.20 shown in the chart.  A vigorous effort should take no more than one or two days to succeed, and we should expect no less if bulls are to tackle the all-time high at 1227.50 with overwhelming power.  To put it another way, the ease with which the futures get past 1170.20 is likely to be predictive of how easily they surmount resistance at 1227.50.