Gold ~ 22 August 2013, GDX ~ 22 August 2013

Thursday, August 22, 2013

Gold has been consolidating around 1370  over the last week:

If 1340-50 holds, the rally should continue.

The GDX is now near the resistance at 30/31ish:

(link to previous post)

If we get above it, we should see a rally to 40ish.