Gold -> I think there is a good chance that we are @ the low OR within 5 trading days of the low being put in. IMO certain gold stocks have been discounting that recently and have put in their lows. If there is a final push it should look a little like the previous circled price area. A bit of containment for another 1 or 2 trading days then a big thump, then a soaking up of the liquidity generated until we get a squeeze up day or 3. After that they will ease up and buy professionally into April.
That is wet finger in the air stuff... but I think we might finally be here.
On the way up we need to smash those resistance levels but that might end up being a nervous struggle. I think if we top 1950 she is really on her way to new highs.
Also, I don't know why you'd be buying FNV right now. It looks like it has a ton of shares outstanding with a $20 Billion MC and still over 70 P/E ratio. RGLD has about the same dividend but much smaller float. I still am favorable to Wheaton but they could use a share buyback.
Getting very close to the one year anni of the crash lows. Decent possibility last Friday's lows hold unless we go deep in the metals. I really don't see more than 10% risk from Friday's lows in CDE HL SILJ and CCJ. Much lower than that and we have something else going on.
Doesn't have to be the same but a similar reaction to the 2001-2003 initial run in Gold 250-400ish and down to 325 halfway point might get us in the mid 1500's in Gold. Mid to high 1600's don't hold this decline I would expect to see mid 1500's.
An important low this month makes sense 15 or the 22.