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.
More on this topic
(What's this?)
Tomorrow: “The Biggest Gold Story of the Last 50 Years Hits the Press?” (McCoach)
(Stock Gumshoe, 3/2/10)
Is It Time For a Run to New All-Time Highs in Gold?
(Gold Versus Paper, 2/16/10)
Why the Gold Bubble Will Peak at $2,000 in 2010
(Money Morning, 1/23/10)
The Best Ways to Invest in Gold
(Investing School, 1/20/10)
Related Posts
- Could Gold Pullback Give You a Golden Opportunity? (10/16/09)
- New Charts on Gold — Short-term Pullback? (02/03/09)
- Gold Chart — Brace for Pullback (09/27/09)
- Gold Kicks Butt Longer Term (12/01/08)
- Nice Finish to Gold … ARGH! (09/19/08)
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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