Tuesday, May 4, 2010

Not Much Momentum In Gold Shares

That's the conclusion of a chart-rich Seking Alpha article by the "Microcap Speculator." The author doesn't say that gold and gold shares have topped out, but does say that their upwards momentum is draining even though one would expect them to be rocketing up.

Perhpas it is a sign that gold is getting toppy - but it's also a sign that there's no mania in gold as of yet.

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