Markets Index Gold $644.80 dn-0.50
This report will be posted on the web a Th.28th late evening.
Gold hits my down side target of $640, low hit $639.90 today.
See www.kitco.com showing gold low shows.$641.10.
Last Gold report was dated June 3rd then at $676.9.
Before that report,dated May 10th then at $667 dn-15 and I wrote:-
"So expect gold to remain down until the Dollar resumes it's Bear trend. My target is at $638, about $30 more to drop,..."
We have hit my number,but on my drawing,bar chart that you have below and I may add, with out the geometric lines, gold remains weak.
Next support is at target $632. Now that is only $6 lower that $638 given to you was back on May 10h. That's six weeks ago, no joke.
On the pt.& fig.chart is trying for support. Take a look.
US Dollar is now S.T.oversold and my rally that could well turn gold lower to $632. Watch leading gold mining stocks now at chart lows, such as GG, MDG, ABX, and NEM.
Charlton Capital Ltd.
http://stockcharts.com/h-sc/ui?s=$GOLD&p=D&yr=1&mn=1&dy=0&id=p28848965205