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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 362.31-1.8%4:00 PM EST
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To: Ron Struthers who wrote (29509)5/30/2015 7:45:57 AM
From: GROUND ZERO™1 Recommendation

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DUST as of this morning... it looks like a clear 5 point bullish wedge break out, breaking out a little late when considering the 65% rule... if this is true, then it spells disaster for the gold miners market and probably for gold, as well... we'll know better this coming week... based on the size of this wedge, the measured move suggests a rally for DUST to around 40ish or so... of course, if DUST is quickly pulled back inside of this wedge, then never mind the break out, but right now this market is clearly outside that pattern and appears to be sitting on the launch pad for Monday... maybe some weekend news could ignite this rocket or pull it back inside the shop for more work and repair...



GZ
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