It sure looks like gold is poised for a pullback. Here are two charts that illustrate my point … 
The rally in the U.S. dollar is weighing on gold just as it bumps its head on overhead resistance. It should head lower from here. The longer-term picture for gold is still good, and corrections are a normal part of any market. In Wednesday’s Money and Markets, I’ll have some ideas on how to play a potential gold pullback.
Related posts:
- Following Up on Some of Yesterday’s Trades Yesterday I added some positions to play a potential rally in the U.S. dollar and short-term decline in gold. Let’s...
- Conversation With a Silver Miner On Wednesday, a contact (who shall remain nameless) at one of my favorite small-cap silver miners sent me the latest...
- Gold Chart and More Time to look at gold again … Gold is drifting sideways, trying to decide if it wants to rally or...
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If you are going to the Vancouver meeting soon, Sean, may I suggest you look into Golden Band Resources (GBN Toronto), which has tied up all the gold prospects in the La Ronge Belt, northern Saskatchewan, and is due to commence mining this year. The company is an offspring of Ron Netolitzky, largely instrumental in the discovery of the Snip, Eskay Creek and the Brewery Creek gold deposits in BC and Yukon.
Kind regards,
Bob