The next surge should see a test of January’s key high at 475.32.  First, though, the Gold Bugs Index will need to put in a bottom that ideally is above 415.81. (This is analogous to the low given as ideal in today’s June Gold tout.)  If Friday’s 420.52 low holds up, a subsequent two-day close above 447.27 would signal that a bigger rally to at least 474.02 is under way.