My technical work gave a rare very overbought signal on gold and although it could just keep marching up, long time readers know it has kept me out of some of the handful of sharp corrections gold has had the last several years. This signal is not suggesting a major sell-off but rather a good chance of a fair consolidation. As noted last night, we can pullback all the way to $1,185 and not violate any serious up-trends. Stay tuned

P.S. I sold some shares today in other companies in order to buy more Evolving Gold. I’m cash poor at the moment and believe the “goof” by EVG yesterday was way overdone on the stock price. As they say in Texas Hold-em, ALL-IN!