Certainly, it looks like we are targeting $600 in the near term. It may happen in London overnight.

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.

It's not going to happen overnight.

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.

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.