Are gold prices ready to resume the run higher? It has had an auspicious start to 2011 and the negative reports relative to the metal have been on the rise. The gold bugs are jumping up and down saying buy, buy, buy! And the other side is calling for the price to fall to $1050 per ounce. Who is right in the quest for profits in gold?
The reality is that they both maybe right. We have seen a short term pullback of nearly $100 per ounce for gold and it currently hit a key support level and held.