As Speculative Bullish Bets Surge, Is Rice The Next Silver (And Manipulated In Kind?)

http://www.zerohedge.com/article/speculative-bets-surge-rice-next-silver-and-manipulated-kind

The bullish case for gold

I will put my disclaimer upfront before attaching the link. The opinions of this author do not necessarily represent my opinions, and should not be viewed as financial advice. Always do your own due diligence, as investing is inherently risky, and investors can lose all their capital. Good luck to all.

http://www.dailymarkets.com/economy/2010/01/14/five-fundamental-reasons-gold-will-hit-5000/

Disclosure: long precious metals mining shares.

Gold pauses

As suspected, Gold corrected yesterday, as the mining shares did not move up friday, despite spot prices rising to resistance at $927. Corrections are healthy, so we'll see if gold prices hold their support levels. With further consolidation, the technicals favor another move up, with resistance at the $975 level.

More importantly, the fundamentals are still in price for a bullish case for gold. We'll see if gold trades in this range before testing last year's high.