Gold isn't looking very good on the overnight and may add to the pressure we saw on VGZ shares last Friday. Time to ready the dry powder for picking up some more VGZ shares.
"I think the market certainly is ripe for a pullback. But whatever the pullback, it's going to be rather shallow," said Peter Cardillo, chief market economist at Rockwell Global Capital, in New York.
"Any disappointment in key economic data that would reverse the market's feeling the economy has stabilized, I think could trigger a 2 to 4 percent pullback," he added."