Gold price on rise again. Maybe higher tonight. Currently, $US 1,832.55 +7.55. Bar getting closer each day to reaching the ore. The gold price sure to drag it up. I use the GDX as an indicator of the sector trend. It could be we will see a breakaway gap form on GDX given the positive indicators I see in the graph below. Its trading above banker support line.
If we are looking at BAR, it will follow but is sitting within control lines at the moment. Setup looking good IMO.
Ann: Extensional Drilling to Commence at Newminster, page-32
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