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. |
