Tuesday, December 15, 2009

Gold now in the Second Stage of its Bull Market

Gold remains firmly within a major long-term uptrend, which is the salient fact. The short-term ups and downs are merely noise that can easily distract us from the big picture. Gold is now in the second stage of its bull market, so the volatility of the past couple of weeks is to be expected. Increasing volatility is one of the traits of a bull market’s second stage.

- James Turk