Finding New Solid Support I know it won't happen over-night, but I would like to see a nice steady rise over the coming days and weeks with hopefully good news flow to provide a solid back-stop and new retail buying.
A more consistent and steady rise will be the best for finding new support above our old 52 week highs.
Having said that, I wouldn't complain if it blasted off from here, but that's not really realistic so stay grounded and have realistic expectations. I'll do my best to heed my own words.
Of course we'll need gold to cooperate with us and we'll need continued good news from exploration and drilling results.
Dynamics of profit taking will always come into play and could put a damper on the price rise if folks are just flipping for pennies, but lets hope that new investors as well as old ones will hold and seek new highs as a new solid support base with which to build price strength in the days ahead come to fruition.
Granted today was just trenching news, but none-the-less, it was solid and darn sure worthy of sticking around for awhile to see things play out.