Sunday, September 20, 2009

A Crucial Juncture for Bullion

– Posted in: Rick's Picks

If you overlay Monday's forecast for GDX with the tout for December Gold, you'll see why bullion is at a crucial juncture, technically speaking.  Given the $1074 target that I've been promoting for the Comex contract, my gut feeling is that the tension will be resolved via a rally rather than a correction.