Gold game plan potential

CLIFF NOTES: prior Gold work – http://bartscharts.com//?s=gold

CLIFF NOTES 2: 1370 will be key to the last leg of a triangle, thrust DOWN and out of the triangle and then a BUY.

CLIFF NOTES 3: note the first chart.  Again, it’s ratio analysis of GLD vs SPY.  What we are looking for is a PATTERN to show a SHIFT in the relative strength of one security versus another. In this case, the S&P 500 has out performed, tremendously, the GLD since 08/2011.  But look what just happened .. we completed a pattern at the .786 and 3 weeks ago,we found support and NOW it’s starting to move UP along w/ SPOT GOLD, ABX and the overarching Gold/Silver Index.  A key development …

ratio analysis of GLD to SPY
ratio analysis of GLD to SPY
GLD vs QQQ
GLD vs QQQ
GLD / DJIA
GLD / DJIA

THIS IS A CHART W/ HISTORICAL PRICES SINCE 1913

gold since 1913
gold since 1913
gold gameplan
gold gameplan

 

note ABX – Barrick Gold is confirming this move … a revisit of our BUY recommendation. ( http://bartscharts.com/2014/05/21/abx-buy/ )

ABX
ABX

Gold/Silver index appears to be on par to put in a MONTHLY signal reversal candle … (http://bartscharts.com//?s=gold+silver+index )

Gold Silver Index
Gold Silver Index

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets.

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