David Rosenberg of Gluskin-Sheff has been an uber-gold bull for months, so it’s saying something when even he’s getting a bit nervous by the ferociousness of gold lately.
I LOVE GOLD, BUT….
….The recent surge is the same chart as in March 2008, November 2009 and May 2010 … followed by meaningful corrections … that were to be bought. This market is long overdue for a near-term pullback, in our view.
And he offers up these three charts: