GOLD

Despite the gold stocks lagging the bullion, some of them have had quite a run recently. GOLD hit a 52 week high lat October, then went into a very long down trend which it recently reversed. The 200dma here is still moving down, but the 50dma crossed up above it a couple of days ago. naturally, the price relative line is very strong, and volume has really increased in the last week. I don;t know how much longer this move can be sustained, but with volume going up like it has it can go on longer than any of us suspect, but then again, it can stop dead tomorrow.