By Paul Ferguson
Gold bounced off of trendline support this morning. Trading in the gold shares looked particularly encouraging, with stocks opening at their lows and working their way higher. Volume on the pullbacks the past few days has been significantly lighter than volume on the preceding moves up. This is normal bull market action. Many junior stocks are starting to carve out ascending “stair-step” patterns. To long-time market observers, this is notable as an indication of a powerful move in the offing. As always the market has the final word but the current action warrants close attention!
