last monday gold hit downtrend line at 1300. previous 2 attempts...

last monday gold hit downtrend line at 1300. previous 2 attempts saw it hit it and bounce right down off it.

this time it hugged the line down and now making another attempt to get through it

dont know if will make it or not on this run


working off a 5 year cycle broken down down into 90 day periods and 7 day minicycles

if go back to may 2009 can see the 7 day cycle and best times of day to buy sell and hold. volume rising at lows. high volume when time to sell and review.


may 2009
day 1 4 may saw rsg close at same price as open

day 2 5 may saw it close higher on increased volume

day 3 6 may saw volume peak

day 4 saw hopefuls push it up but run was over

price range 64.5c to 82c on day 6.

not a bad return if traded it correctly

RSG,090504,68,68,64.5,68,642132
RSG,090505,69,77.5,69,75.5,851330
RSG,090506,79.5,82,77.5,82,1139432
RSG,090507,82.5,83.5,78,80,329268
RSG,090508,80,82,77,81,346026
RSG,090511,81,82,79,82,286877
RSG,090512,80,80,76,77.5,89110
RSG,090513,,,,77.5,0
RSG,090514,,,,77.5,0
RSG,090515,78,78,70,71.5,396799
RSG,090516,,,,71.5,0
RSG,090518,72.5,75,70,70,740000
RSG,090519,71.5,72,69.5,69.5,499579

then next 7 day cycle of interest is early nov 2009

price ran from 67.5c to 89c and then week 2 broke the dollar and continued up. nice if repeats this year. even nicer if happens now!
day 6 ploughs through 80c resistance. major move up confirmed.

RSG,091102,67.5,70.5,66.5,70.5,719947
RSG,091103,71.5,72.5,71,72,1267560
RSG,091104,75,78.5,75,77.5,2257054
RSG,091105,79.5,81,77.5,80,3128997
RSG,091106,81,81,79.5,80.5,940585
RSG,091109,80.5,89,80.5,86,6307275
RSG,091110,88,89.5,87.5,87.5,5224529
RSG,091111,88,88.5,85,87.5,1964417
RSG,091112,88,104,88,99,6732018
RSG,091113,96,100.5,93,96,5961025
RSG,091116,101,106,99.5,106,5535212
RSG,091117,110,110,103,103.5,7010415
RSG,091118,104,113,104,110,6391684

fast forward 5 years.

this run started last friday when closing price matched the open. key lesson for me is to trade it for what it is on a 7 day cycle and then review

should soon see if this matches may 2009 or nov 2009.

at this stage all signs point to a run of a few days but happy to be wrong.

(same for other goldies mml evn etc

rsg hoping will emulate run of nst from 66c to doubling earlier this year and try from 80c to over $1.50

try should see cr price $1.25 but early days. mainly posting that 5 year cycle playing out nicely so far from 2009 to rerpeat in 2014. move up 5 may 2009 and 5 may 2014 almost to the day and also to say not to get caught on day 5 of run when price at a possible short term high and about to retrace. if it is going to break thr in may 2014 it will be a surprise) so next monday questions will be what will sp be then and what did you buy for and sell for or still holding?

so far gain is from 57c last week. nice 10% gain and that is where it sits today