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To: loantech who wrote (4115)6/1/2009 8:04:32 AM
From: Rarebird  Read Replies (1) | Respond to of 26251
 
Gold Fragments:

Gold:

I wouldn't short Gold here, but it definitely looks toppy. If you're holding a long position in the metal, you're in tune with the long term trend, but the short term could be turbulent as the US Dollar finds a bottom and rallies over the next few weeks.

Mining Stocks:

Significant chart resistance and bearish divergence are warning that this upmove is almost over now. Declining mining shares are also a sign that the uptrend in equities is coming to an end soon.