Gold stocks

[andrasnm]

room to move up or major correction?
My thinking is that Gold (and mining stocks alongside) after a major penetration of $500 will go higher. If gold manages to hold above $500 (that is), it may move to $550-575

 

[CONR]

Will back off to $470 and then I'm in.

 

[swinger]

The action in gold over the past few days looks to me like a blow-off top. There is a strong possibility, IMO, that a longer correction is in order. However, the high from 12/12 will probably be exceeded at some point. I don't think the run in gold is over just yet.