Lets do some friendly bets on the Arrival of the next Ann, page-52

Morning all.
I thought I would update some chart talk.
Was thinking about renaming the thread to "Multiples".
We have lot's of results about to pour in so the next few weeks will be just as exciting as it has been in the past few.

Firstly, to the gold chart.
The top line is just under $1750and the bottom is a little over $1680.
We have spent 2 months there so far and the longer we stay in that range the higher the breakout will take us.
Yes there is a possibility of a breakdown before that happens but with the pressure building, I am not in support of that hypothesis.
Hopefully we stay within that range and preferably keep knocking on the top line.
I put that last dip down to Covid shock and yes that can happen again.



Let's look at what has developed in deg over the past week which I must admit surprised me that we have already completely broken out of what I considered an optimistic target and now indicating a much higher sp.
We have a break away gap and another flag.
We also have some potential big news coming.
If my interpretation is correct and this plays out, I am looking for 96c.
This needs some consolidation and at this mc, any left field events could see some serious retrace so keep that in mind.
Risk rises with the high share price, especially when the sp moves away from the green line 50dma like it has.
Any bad news here could see some unhappy faces but still the best long term hold I have currently and intend to keep.



Thought I would include these for some weekend listening.
Listen with care and remember why we hold gold.

https://www.sprottmoney.com/Blog/no-return-to-normal-why-the-economic-wasteland-is-dramatic-weekly-wrap-up-june-12-2020.html



Kind regards, Wack.