Gold

Nice call on the gold yesterday. Seems to be bouncing. Are you looking a big gap up on Gold on the GDP news? Looks like we could touch that resistance at 930-940 area if it continues upwards....thnx although NEM lagging a bit.

Nice call on the gold yesterday. Seems to be bouncing. Are you looking a big gap up on Gold on the GDP news? Looks like we could touch that resistance at 930-940 area if it continues upwards....thnx

although NEM lagging a bit.

Gold should tag the 940 area by Monday minimum. GDP bad for the stock market tomorrow. Quite possibly a gap up for gold. NEM's volume figures suggest higher highs. I have GDX 38/39 and NEM 49/50. NEM sold 30 million shares of new issue today. NEM's recent overdone sell-off was because insiders were anticipating yesterday's announcement. A huge sell-off in the miners to come after Monday's top especially from Feb 9-17 to GDX 21.20

SPX minimum target is 770 by Monday.

hey blustar how on earth do you get the GDX going to 38 39 and then to 21?????.... GDX within the last few days has had a volume confirmed breakout of the neckline of a head and shouders bottom formation.... so on a pullback i would say 33 will act as very strong support.... GDX also on verge up breaking out of a almost perfect cup and handle pattern... the neckline of that also acting as good support. confused how you are seeing such a massive drop after monday...

hey blustar how on earth do you get the GDX going to 38 39 and then to 21?????....


GDX within the last few days has had a volume confirmed breakout of the neckline of a head and shouders bottom formation.... so on a pullback i would say 33 will act as very strong support....

GDX also on verge up breaking out of a almost perfect cup and handle pattern... the neckline of that also acting as good support.

confused how you are seeing such a massive drop after monday...

It is based on the 4 mo/8 year cycle and e-wave, support and resistance lines. The stock market takes a big hit in that time frame too (Feb 9-17). My best guess is it will have something to do with Obama and market/financial regulation package coming.

hey blustar how on earth do you get the GDX going to 38 39 and then to 21?????....


GDX within the last few days has had a volume confirmed breakout of the neckline of a head and shouders bottom formation.... so on a pullback i would say 33 will act as very strong support....

GDX also on verge up breaking out of a almost perfect cup and handle pattern... the neckline of that also acting as good support.

confused how you are seeing such a massive drop after monday...

It is based on the 4 mo/8 year cycle and e-wave, support and resistance lines. The stock market takes a big hit in that time frame too (Feb 9-17). My best guess is it will have something to do with Obama and market/financial regulation package coming.

NEM's ROC is suggesting (unless something changes) that we see a move to the mid 44 area Monday. GDX is still on target for 38.73