lukeytrags

lukeytrags

With gold showing strength more recently, I have identified some interesting trends/synergies in this $GDX weekly log chart... Is this the final major low before the next leg up?

lukeytrags

IBX update: breakout of recent downtrend after double bottom bounce at 6.5

lukeytrags

It appears as though gold is forming an inverted head & shoulders pattern on the daily/4H charts. Technicals are oversold and major support has been found at the 1765 key level. This is a very bullish setup and price action over the next week should confirm this theory.

lukeytrags

After the recent sell-off, we can see that SBM bounced strongly off the 200MA. Couple this with gold entering a multi-year bull market and $3 is looking cheap.