RE: is this pullback nearly over?"Its as if no one believes this gold rally and are just waiting for the gold price to fall back again"
THAT IS WHY THIS TIME IT WILL BE DIFFERENT. THIS IS A TOUGH TRADE TO CALL. DO YOU TAKE YOU PROFITS AND WAIT FOR THE NEXT BIG BUY ? THAT HAS PROVEN TO BE CORRECT THE LAST 3 TIMES WEVE CHALLENGED 1000 AND IT LOOKS LIKE IT RIGHT NOW. PM STOCKS DECLINING ALTHOUGH GOLD LOOKS PRETTY STABLE HERE. IMHO, ITS IMMINENT THIS TIME THAT GOLD HAS THE STRENGTH TO SHATTER 1000--- ITS GOING TO BE 1020'S BY NEXT WEEK- EASILY.
SO- IT MIGHT BE A BUMPY ROAD OVER THE NEXT COUPLE DAYS, POSSIBLY WEEKS--- BUT DEPENDING ON WHAT YOU PAID FOR THE STOCKS... YOU MIGHT WANT TO HANG IN. I OWN YRI IN THE MID 9'S.... SO IT IS TEMPTING TO TAKE PROFIT OFF THE TABLE-- BUT IMHO MY TARGET TO SELL YRI IS APPROX 15 BUCKS. WILL IT GET THERE THIS RUN? WHO KNOWS, BUT I AM PRETTY SURE ITS GONNA BE THERE THIS YEAR BEFORE THE SELLOFF......
PS- ABX- FIND IT VERY INTERESTING BARRICK COVERING THERE GOLD SHORTS RIGHT NOW OF ALL TIMES. WHY DIDNT THEY DO IT AT THE 920 LEVELS OF A MONTH AGO ???? BECAUSE THEY KNOW- THIS TIME ITS DIFFERENT. EVERYTHING IS LINING UP FOR A QUICK AND POWERFUL MOVE. I THINK GOLD WILL GET TO 1200 WITHIN 4-6 WEEKS. ANYONE ELSE HAVE A NUMBER IN MIND????