At the moment the mood is still jubilant.

At the moment, I think we're lacking a little bit of direction.

It's dizzy high, and we're looking at a very overbought market. We're looking for a correction. It has to come at some point. However, given where oil is, it may well give some support on the downside.

There's some profit-taking now, but look at where we are. It's broken $520, the target we had yesterday ... looks like $525 is the next target.

If we sustain this break for the duration of the day, then I think we will be looking to test $495 again.

There's definitely more buying in gold, obviously on inflationary fears. The funds have continued to buy.