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Message: Re: gold targets? What's this board's take??

Nov 30, 2009 10:08AM

Gold looks like it wants a pause right now. I expect it will be a short pause with another run to come, but I wouldn't bet the farm. Well, maybe I would, actually, I have, lol.

That said, I'm a little nervous right now. My main concern is that the gold stocks have not (yet) bested their highs of March 08. They are not acting as well as the commodity. I would be more comfortable if they broke out to new highs on good volume.

Because of the season, I'm sticking with my micro-cap PM strategy until mid-Jan. Plan to cash out then - holiday time.

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