The $1,140 barrier

James Turk of GoldMoney.com supplies a long-term perspective to counter bearish sentiment, and reassure nervous bulls, in a Stockhouse article. He says that gold has bumped into similar stalls over the course of the nine-year bull market, and that the current slog is just one of them. The three-year chart he supplies with his article provides perspective to the more recent period, as it shows the strength with which gold broke out of its $1,000 base last September.


His explanantion for the stalls is central-bank intervention, but "gold periodically gets ahead of itself" suffices.