[imawit]

S......'CUSE ME, but tell me just exactly specifically and without rhetoric ...

WHY IS GOLD OVERBOUGHT ?

[Cicero]

"Overbought" is a technical term, meaning that it is getting above the trend lines. So, at some point it will presumably have a correction or a pullback before resuming its uptrend.

My own reading is that there may be a bit of a correction soon, but then again there may not, because we are probably on the verge of a huge long-term bull market in gold.

I bought a few shares of a junior Canadian gold stock on Friday when the market opened. It had closed at 2.14 the day before, so I was rather upset to find that I had paid 2.34 for it. But by the end of the day, it closed at 2.68. What will happen when the market opens tomorrow? I don't know.