Gold stocks

Discussion in 'Metal Futures' started by andrasnm, Dec 14, 2005.

  1. [​IMG]
    room to move up or major correction?
    My thinking is that Gold (and mining stocks alongside) after a major penetration of $500 will go higher. If gold manages to hold above $500 (that is), it may move to $550-575
  2. CONR


    Will back off to $470 and then I'm in.
  3. swinger


    The action in gold over the past few days looks to me like a blow-off top. There is a strong possibility, IMO, that a longer correction is in order. However, the high from 12/12 will probably be exceeded at some point. I don't think the run in gold is over just yet.