Sunday, January 14, 2018 8:51:48 AM
I have to say that the MA's on the weekly are lining up sequentially which IMHO is giving gold an opportunity to finally start a nice bull run this summer. 1350 is about the top of the current channel and a fib .382 pullback would put it close to 1300.
And as usual GDXJ is lagging gold. I'm thinking that we might see a pullback in gold and then GDXJ may fall down to the purple 200 MA on the 60 minute chart as it seems to respect that the most often. Then I just may have to go long JNUG.
What are your thoughts my friend?
Maybe support around 33.50ish
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