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