Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Skeeter Bug who wrote (104947)	11/29/2009 9:06:38 PM
From: riversides	Read Replies (1) of 116555

Observation From a technical analysis point of view, both gold and gold stock prices have a bit further to go, but should begin a multi month consolidation soon, if we are indeed at the beginning of phase two of a gold bull market. From what I can see currently, I do not see a blow off top in progress in gold prices. In fact, I am not certain that phase two has even begun until gold stocks make a new high, and begin to outperform gold consistently. Therefore, my expectation is that a multi month consolidation can start anytime, and a better time to buy will be some time in 2010. 321gold.com

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