currently long but keeping a close eye on gold
Impressive discovery close to Pretium... yet market cap is still tiny in comparison.
miners outperforming gold and looking much better technically. If gold recovers I believe miners can have a big move up. I think we can make it to my .7 retracement level without gold making a major breakout, sustaining above this level requires gold to get above 1520 and continue higher. Currently playing this with JNUG as junior are lagging. Long since...
this horizontal range has had multiple tests on either side. A break below green will lead to a large move down and a break above red will lead to a large move up. I am now long but will not hold onto my longs in the miners if we break below green. - There are some support levels below green but there is still a risk that the gold price can crater to low...
expecting a pullback and more consolidation as speculators chase the new highs in the US stock market
price looking a bit weak, small drop back to support and if it breaks then sub 1500
With the recent rate cut gold sold off and was bought up aggressively and is now once again breaking out of the channel. - I doubt we get 2 fake outs in a row. The chance of a drop to low 1400's has become increasingly likely. I expect sentiment on miners to improve drastically as we experience a wave of earnings in the next 2 weeks. Earnings should be very good...
should be funny, or not funny at all to see how this plays out. note to future self, if the prices crashes to the financial crisis top then don't be a pussy and remember to buy the dip!
everyone is short, the could have a big green candle that blows through the top of the screen
majors are making moves... followed by junoirs... follow by... EMX?? this is assuming gold continues up.
A head and shoulders pointed out by Peter Schiff. I notice that it perfectly targets the high of the last cycle.. ..Will see how this ages.
$2 is an important level and if HL gets above here and silver resumes the uptrend, I believe it will have en explosive rally despite the bad fundamentals and debt.
gold has a chance to start a larger move to the upside in the new york open if it can break this Resistance level in red
some fun with fractals, comparing the recent bottom in bitcoin with the current gold situation.