Minimize

Welcome!

Short To Long Term Technicals For Gold

Cory
January 4, 2018

Today Doc and I dive into the charts for GLD. We start with the daily chart, move to the weekly, and wrap up with comments on the monthly. There are a lot of encouraging signs for gold but still some work to be done for a breakout.

Click download link to listen on this device: Download Show

Discussion
35 Comments
    Jan 04, 2018 04:51 PM

    High quality conversation on the technicals, Doc and Cory!
    It might take a while (5 or 6 months) but metals will shine this year.

    CFS
    Jan 04, 2018 04:16 PM

    blow-off top?

    Jan 04, 2018 04:17 PM

    Doc, Do you still think we may have a minor correction in gold and silver in the near term before they move higher later in the year? What are your price points you think we will hit as pullbacks that would be a good place to buy gold and silver?

    Jan 04, 2018 04:42 PM

    Gold is short term overbought and the extended run is simultaneously a short term reason for concern and a longer term reason for confidence (of the bullish kind).

    http://stockcharts.com/h-sc/ui?s=%24GOLD&p=D&yr=1&mn=0&dy=13&id=p19092729468&a=552058644

    CFS
    Jan 04, 2018 04:45 PM

    WASHINGTON (AP) — The Trump administration moved Thursday to vastly expand offshore drilling from the Atlantic to the Arctic oceans with a plan that would open up federal waters off California for the first time in more than three decades.

    The new five-year drilling plan also could open new areas of oil and gas exploration in areas off the East Coast from Florida to Maine, where drilling has been blocked for decades. While some lawmakers in those states support offshore drilling, the plan drew immediate opposition from governors up and down the East Coast, including Republican Govs. Rick Scott of Florida and Larry Hogan of Maryland, who pressed President Donald Trump to withdraw their states from consideration.

    Jan 04, 2018 04:43 PM

    It’s hard to miss the significance of the 233 and 600 week moving averages but many do!

    http://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=5&mn=7&dy=22&id=p58012727662&a=495638650

    Jan 04, 2018 04:42 PM

    Copper price jumps after China cuts scrap imports by 94%
    Frik Els | about 9 hours ago

    http://www.mining.com/copper-price-jumps-china-cuts-scrap-imports-94/

    Jan 05, 2018 05:59 AM

    Thanks Matthew for all your knowledge and help
    Thanks Excelsior and Doc

    Jan 05, 2018 05:50 AM

    METANOR COMPLETES PRIVATE PLACEMENTS RAISING PROCEEDS OF APPROXIMATELY $11.4 MILLION
    December 28, 2017 – (MT) (MEAOF)

    “Kirkland Lake Gold Ltd., an insider of Metanor who previously held 10,357,143 common shares (representing 12.2%) and 5,178,572 warrants, participated in the Brokered Offering and acquired 1,915,000 Units for $1,340,500. Kirkland Lake Gold Ltd. now owns 12.21% of the outstanding common shares and would hold 17.27% on a partially diluted basis, assuming the exercise of its warrants. Wexford Capital LP, an insider of Metanor who previously held 10,708,350 common shares (representing 12.62%) and 5,354,175 warrants, participated in the Brokered Offering and acquired 1,980,000 Units for $1,386,000. Wexford Capital LP now owns or controls 12.63% of the outstanding common shares and would hold 17.82% on a partially diluted basis, assuming the exercise of their warrants.”

    http://www.metanor.ca/en/communiques-presse/metanor-completes-private-placements-raising-proceeds-of-approximately-11-4-million/

    Jan 05, 2018 05:10 AM

    USA watchdog…………….
    Some great comments………
    https://usawatchdog.com/trump-trafficking-eo-voter-fraud-cnn-pot-new-year/

    Jan 05, 2018 05:13 AM

    This little video made me laugh….

    ___________________________________________________

    I DON’T UNDERSTAND BITCOIN
    Coolman Coffeedan – 7:01 AM – Jan 3, 2018

    https://twitter.com/coolcoffeedan/status/948570066781720576