GOLD 0.51% $1,391.7 gold futures

"more seriously, the double bottom sub 1200 with junior miners...

  1. 2,535 Posts.
    "more seriously, the double bottom sub 1200 with junior miners outperforming the metal from June to Dec was the clue. Next pull back, load up again, and away we go."

    I agree. KISS and the simplest of technical reversals that even a retail muppet like myself can spot.

    We'll see what happens @ 1320. I have my trailing stops in place but I will say it is goddarned tempting to cash in on the opening gap up on Monday (assuming there is going to be one, but with gold jumping to 1318 you'd have to think the goldies would put on a few %).

    Medium term my random guess is that the old base of 1500 acts as resistance and we end up the year trading between 1300 and 1500. Like I said, KISS and re-evaluate at each major datapoint.
 
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