Przemyslaw Radomski Sees Retracement For Gold Shares

After beginning his analysis with the story of Gordon Brown and his legendarily mis-timed sale of about 60% of the U.K.'s gold reserve, Randomski uses some technical indicators - particularly the gold miners percentage bullish index - to conclude that senior gold shares are likely to pull back. He makes it clear that he's only expecting what he calls a "local top;" he expects the shares to rally higher subsequently.