Gold Sector Update
posted Dec 30, 2005 at 11:53PM
Actually not too much this week. I had put a few bids in on some explorers, but didn't get any fills. I am keeping my inflation friendlies for now, so I am not expecting any "deflation scares" to start the year. History says to expect something like that shortly after the new Fed takes over. It has happened for the last two Feds so it is something to keep in the back of your head.
I am still of the mind that the gold sector has to reload technically before really taking off. I find the situation today to be almost diametrically opposite that of early to mid May. So from a purely techncial perpective I think caution is necessary.