New!!

For Gold, things have changed.

We have a Sell Signal on the 72 month indicator - implying a 6 year high is in place.

Its tempting to think it might be an anamoly, but we have the same thing on Silver

Also, a 39 week Sell on Platinum

Needless to say, holding Gold Stocks in the environment will probably prove to be disastrous.

For downside targets, the 200 Week moving average should be considered. There are (3) triangulations on that level. First, the 200 week moving average itself.    2nd, a 1.618 extension of the initial wave.   And 3rd, a .618 retrace of the move up.     In the past I've noticed that the obvious downside targets always get hit, and then it goes even further than most could have imagined.