Gold Rallies

I have read a lot of information recently about gold being "overbought" and those sorts of things. How people are too bullish on the metal. And, I appreciate some of the articles sent to me.

However, gold is at another record high on Monday before the market opens.

The reason is, a lot of the people who think gold is overbought aren't actually holding gold themselves!

Last week I wrote about how gold mining stocks were underperforming the physical metal and advised traders to sell gold mining stock and instead buy the gold ETFs like GLD or DGP. And that seemed to be the right move as gold stocks continues to trade lower to side ways while the physical gold and its ETFs are trading at new highs.


As the saying goes "There's always a bull market somewhere"

That's not always the case, but it is 90% of the time. And now, it's gold. No stopping it as far as we can see here. There isn't anywhere near the pandemonium of buying. The thing is, if you haven't bought now, then when? If gold drops to $1000? $900? Or if it rallies to $2000 and you don't want to "miss out". All you have to do is determine your risk, and then make the trade!