From Richard Russell:
"Measuring swings with intra-day Comex extremes, this run gained $268 in 14 weeks from the late January low to the $1577 high this week. The prior two rallies (to $13451 & $1262) gained $275 in 19 weeks and $220 in 20 weeks. With recent runs and corrective phases running about 20 weeks in duration, it's possible this run could extend further. But the blowoff and turbulence in silver in the past two weeks, and the lousy relative behavior of the gold and silver shares prompts me to speculate an intermediate top may have been put in, and we may need another period of 20 weeks or so to correct, digest, cool off and set-up the next leg."
Russell advice -- Be patient with your gold, and sit tight.