I would expect a gap up tomorrow and it is very possible we could see $27. With Gold over $1300 the headlines will get out tonight. We will see more investors moving in. It is interesting that gold crosses over $1300 the same day that GG and ABX report supposed poor earnings???? (but both their stocks climb huge). This was planned out weeks ago by the big dogs. They will NOW shove up the shorts rear ends. Plenty more to come, many more months of reaming to come.
GAP AND RUN TO $27, YEA BABY!!!!!Some didn't believe me yesterday, but I think it will happen. Going to get out or drop half for now and then look for a consolidation. But then again it may just go right to $30!
Dollar index dropped a half percentage today to 80.29. This may account for the gold rally today. 80 is a big number , dollar usually bounces here. If dollar crash through 80 all technical traders will jump out of dollar. Gold should rally then.
I think 80 will hold. gold could go into consolidation for several weeks.
We won't see $27 tomorrow, but we will see before the end of next week. I think tomorrow Gold jumps up another $10-15, but the miners will be flat or slight down... and then they jump next week.... after the 3 day weekend (tomorrow's the day to add to your position...Tuesday it will open up 3-4% higher from Friday's close. This ride up has been steady and I don't see a ~10% move GDX in 2 days .. it's tired and needs to rest over the holiday
If gold does jump $10-15 tomorrow then we very well could see $27. I think a gap and run could happen. I was watching CNBS and they were talking about gold all day. This will help to bring in the average Joe.