the pullback is all good

I am quite happy to see the POG retreat to the $965 - $970 support zone.

Nor would I be phased if it fell to the next big support zone of $948 - $955.

The last thing we wanted was to see a vertical spike up through $1000 USD per oz and then the inevitable pull back.

Gold is gearing up for a run at the mini resistance around $990 - and then for a break though into four figure territory with no retreat.

The consolidation is healthy and it may represent a last opportunity to load up on the physical commodity - or better still, imo, NCM.