Time for a Correction in Gold

Bob Moriarty
Archives
Feb 12, 2016

Gold and the gold indexes have been on a tear since January 19th. The XAI is up 57% in 21 trading days. The HUI is up a blistering 64% and gold went from $1100 to touch $1263 today. Nothing goes straight up forever and the healthiest thing for gold and shares right now would be a decent correction. The bull has just started but for the market to go down and shed 50% of the gain of the last three weeks would be perfectly normal.

Then things will get really interesting.

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Bob Moriarty
President: 321gold
Archives

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