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Gold Overbought

From gold-eagle.com

Gold has enjoyed an amazing rally in recent weeks, catapulted higher by the extreme fear sparked by the sharp stock-market correction. Naturally such big and fast gains have led to a surge in gold's popularity among investors and speculators, as everyone loves a winner. But gold prices flow and ebb like everything else, and this metal has become very overbought today. Many gold enthusiasts' hackles will bristle at the mere idea of gold being overbought. They will counter with many fundamental reasons why gold is heading higher, or argue that current newsflow will spark escalating buying. But gold's long-standing ... (full story)

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  • Category: Breaking News