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Is This A Gold Buy Point Or Scare Point? - Mike Swanson (12/09/09)

Submitted by Mike Swanson on Wed, 2009-12-09 10:07.

We've seen gold pullback sharply this week and gold stocks get hit in the chin. I had several people email and tell me that they sold out, because of the drop and talk now of a huge rally in the dollar starting.

I actually think though this is a time to buy and not sell gold. I'm still long and strong myself! I'm afraid people who have sold just got shaken out and are going to end up regretting selling.

Before the open I did an audio interview with Jordan Roy-Byrne of Trendsman.com about this. He is a Certified Market Technician.

You can download the mp3 file on to your computer by clicking here.

You can take a free trial to Jordan's gold newsletter by clicking here.

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