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Message: Richard Russell - Buy Pullbacks in Gold & Ignore the Top Callers

Gold has broken out above the $1,450 area and as Russell says, generally you want to buy on pullbacks toward that level. The public might be too skittish to do that, but the professionals certainly will. If that level holds, it will provide the base for the next leg higher in gold. For the non-professionals, simply accumulate each month on the same day and dollar cost average your purchases over time. This is a huge secular bull market, enjoy the ride. As far as the US dollar goes, God help us when we finally break 70 on that index.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/4/12_Richard_Russell_-_Buy_Pullbacks_in_Gold_%26_Ignore_the_Top_Callers.html

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