Gold shares

[kwagga]

Very interesting to note how quick the gold shares respond on any movement in the gold price. To me this means that we have quite a few people sitting on the sideline just waiting for any indication of a move in gold to either buy or sell. This makes the risk of buying or selling so much more, because the movement is becoming very responsive to the gold price. A significant move in gold will see these shares responding within seconds. This is very interesting indeed. Could the market be anticipating something big??? This is opposed to a lagging effect a short few weeks ago.

[Ninja]

Gold has broken out of its technical consolidation triangle and is pointing to targets of $1100 and then $1300. It appears to have a lot of underlying strength as all pullbacks to the $985 mark rebound up to the $1000 mark. The climb may be a little slow but now is a good time to buy your gold position as all our indexes are on support and waiting for the next move up.IMO. With the equities markets waiting for a 10% pullback I would only feel safe going on Gold, all equities should see a pullback in the next 2 weeks or so making going long right now a risky option.

[#3]

Big movement but volumes are thin