Cautionary Note In Seeking Alpha Article

This note comes from a gold bull, who's long gold. Daryl Montgomery's point is a contrarian-related one, centering on Barrick's recent closing of its gold hedges:

The end of an event that has been propelling a market should be paid attention to by investors. It can mark a temporary pause in an uptrend. Gold is already overbought on the daily and weekly charts, so it is vulnerable to some selling. The momentum, however, is extremely powerful and the current overbought state can last for a while longer before selling comes in. The selling will only be temporary, however. The peak of this rally is still at least a few months off.

Long-term bull, short-term skittish. Not that abnormal in a rising market.


Another SA article has a tongue-in-cheek evaluation of the claim that central banks are manipulating the gold price downwards. [Found here.] It's entitled, "The Gang that Couldn't Shoot Straight: Central Bankers and Gold."