TSX Index (12,302)

You would never know it by today's strong TSX trading, but in price momentum terms, there are good reasons why we should soon see a modest correction from here. Before we move further ahead in a powerful intermediate/long term uptrend, a pullback to retest the 12,000 area or below would fill the bill nicely.

With soaring gold, silver and copper prices, it's hard to hold this index in check. It regularly exceeds my optimistic expectations.