Here's an update to my original one year chart, as with SGN.V, there's a lot of tension brewing in junior miners and explorers. We should make a decisive move in the coming days. Today, Gold had a false breakout but is holding $1,950. Let's see what happens (with bated breath, of course!).
I decided to clean up the chart add a bit of context. To my eye, it looks like we have a big move ahead. Is this month's Federal Reserve meeting the catalyst for either direction? In any event, every dip in gold and miners have been bought. Let's see if the trend holds.
My kid's soccer practice got canceled this morning, so I thought I'd take another look at Scorpio Gold Corporation (my current favorite). The chart is showing some strong signals that are what I believe, signaling a meaningful move to the upside. My overarching thesis is Gold will hit $2400 by EOY. For extra torque, juniors will vastly outperform in a $2400 gold...
