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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.67

+5.0%

Nov 10 4:00 PM EST

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To: John Pitera who wrote (104176)	1/16/2017 9:02:18 AM
From: Rarebird	Read Replies (1) of 116753

1) The S&P made a major 3 2/3 year low and 180 trading day low on 11/4/16. SPX is now in a large final 5th wave rally into an early 2018 major high of 2705 before a Great Depression II style crash unfolds. 2) Gold weekly has bounced off 1116.90 78% support. Gold is in a bear market unless it can solidly close above 1377 (7/16H) and 1448 major long term up channel. 3) On the weekly, Dollar is longer term bullish as long as it stays above its bull flag, with target 107.80. Key is to stay above 101. 4) The Euro has been in a large sideways bear flag since 1/15, with major channel support at 1.0385. It made fresh 12 year lows on 3/15 and most recently on 1/6/17. A close below 1.03 will lead to a retest of 80-82 in the coming months and years.

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