Bulls turned the 124.90 midpoint resistance into tapioca last week, leaving no doubt that the 159.97 target will be achieved. It is congruent with the ambitious target I’ve proffered for Gold (see above), and bolsters the likelihood that both will hit their marks.  A relapse to the green line (x107.37) in the interim would be widely viewed as bearish, but from our perspective it would be a terrific opportunity to augment a long position or get aboard belatedly. Friday’s high fell just shy of a voodoo resistance, but a pop above mid-April’s 136.55 peak would remove it for good.