The Gold Report
Notable Quotes
"ICG has closed a CA$2.5M flow-through placement." (12/24/15) Integra Gold Corp. - Thibaut Lepouttre, Caesars Report More >
"The exploration upside at MAG's Juanicipio project is substantial." (12/23/15) MAG Silver Corp. - Gwen Preston, Resource Maven More >
"AKG's management continues to deliver on its development milestones." (12/22/15) Asanko Gold Inc. - Nana Sangmuah, Clarus Securities More >
"We are initiating coverage on KDX with a Buy rating." (12/21/15) Klondex Mines Ltd. - Don Blyth, Paradigm Capital More >
"VIT's Eagle is a shovel-ready, fully permitted, prefinanced gold project." (12/17/15) Victoria Gold Corp. - Tom Hayes, Edison Investment Research More >
What's with Gold?
Dow Theory Letters (03/18/2010)
 What's with gold? The daily chart above shows gold in what I consider a variation of a "head-and-shoulders bottom." The upside breakout would come if gold can close above the horizontal blue resistance line, which comes in at about $1,140 on April gold. If $1,140 and then $1,150 are bettered, I think gold would try for the high just above $1,200. Patience, sit tight. It looks to me as though gold is in the process of being accumulated. Note: Week after week goes by and no signs of central bank selling. In fact, if there is any activity from the central banks, it's quiet and sub-rosa buying of gold. The ratio of total gold to total fiat money continues to grow. The greater the total supply of fiat currency, the greater upward pressure on gold. |
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More Experts
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