Gold – Good & Not So Good News

Posted by Peter Grandich

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While I feel very good about my overall approach to the markets I follow (minus mining shares lagging badly versus metals)  for several years now, I know what I’m about to say is going not to sit right with some followers. I’m starting to see some early warning signals that gold may be going parabolic. While such a move is great for those of us who have been aggressively net long from near $300 an ounce, I’m concerned some sentiment indicators combined with a parabolic status could allow a major correction (or worse) to take hold that could cause a far greater disruption in the “mother” of all gold bull markets than is necessary.

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