GOLD IS IN A BULL MARKET.
Next stop 385
Technical analysis is IMO very much of an if this then that science/art. My take on the next year or so.
1 - a decisive break out of this triangle takes gold to 385 - 390 in the next few weeks/month (mid Sept)
2 - gold then comes back to 365ish area and gets support on lower trend line (early-mid Oct)
3 - next move up pushes gold to the decade plus resistance at 420 (mid Dec-early Jan)
4 - a quick retrace to 385 - 390 (mid-late Jan)
5 - price turns upward once again and smashes 420 with a move similar to the break through 330 (Somtime in Feb)
Target 450 - 500 (Sometime next year)
I could be wrong depends on whether gold breaks downward out of triangle. WTFDIK?
Discussion is to include all producers from junior to senior, including non producing juniors with REAL deposits.
I would like to see posts with analysis on gold stocks with an emphasis on quality and leverage to gold price.
Analysis including fundamental and technical and everything inbetween <GG>
Discussion may include explorers but there are other threads for touting and pumping of penny stock drill plays.
I would also like to have discussion of other factors which may effect the gold market, eg. economic trends ,political issues , the state of the major markets. If it effects gold or gold stocks please post it.
Daily Gold
stockcharts.com 
Weekly Gold
stockcharts.com
Seasonal Gold Chart
321gold.com
Gold COT Charts
sharelynx.net
Gold Stock Watch List
siliconinvestor.com |
