I would not be surprised to see the gold price fall back to $1255-1300/oz level in the short term, however that ought to be the basis for a very solid run. I don't even expect gold stocks to flinch if that happens, as we approach the reporting season. There are several issues which might hold gold though.
We can expect a post-Xmas rally in gold, though in the short term, there is the prospect of a greater correction. Don't for a moment expect that long term uptrend to break.
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Andrew Sheldon www.sheldonthinks.com
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