*** lhg/gold vulnerable to downside pullback *** a, page-3

Trying to second guess the POG on minor movements is fraught with danger. There are going to be many burnt traders in this gold bull because they will be "weak hands" selling gold shares on anticipatiion of relatively minor pullbacks.

As this gold bull develops many gold shares will not automatically follow gold down on $10, $20 gold movements down, but will keep rising on exploration news or in anticipation of that pullback being recovered with plenty of interest.