Gold Miners ETF (GDX): Gold into the Benchmark By: Marty Arm...

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Tuesday, 10/03/2017 9:03:19 AM

Tuesday, October 03, 2017 9:03:19 AM

Gold into the Benchmark
By: Marty Armstrong | October 3, 2017

Gold has bounced off of our critical number 1362.50 and it has been falling like a stone. It is not ready for prime time yet. As I have said, gold will breakout when the AVERAGE person on the street begins to question government. That is not close yet and we must begin the Monetary Crisis Cycle next year before that possibility even materializes.

Right now, we have INCREDIBLE support at the 1256.50 level up to 1269.40. A weekly closing below the 1269 will warn of weakness, but a weekly closing below 1256 will signal that a $50 drop is then likely.

Gold peaked the week of 09/04, and now we are headed into the next benchmark target the week of 10/09.

• DiscoverGold

*** For Market Direction and Trends visit our board:
https://investorshub.advfn.com/Market-Direction-and-Trends-26249/

Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold

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