Now that the first leg off the bear market bottom has been completed the mining shares have been consolidating for the last three weeks in preparation for another leg up, and I expect the second leg will be almost as powerful as the first.
As gold is now late in its daily cycle I’m looking for one more dip down into Friday’s employment report to complete the short-term correction. Then I look for gold’s third daily cycle to test the $1425 resistance zone over the next month.
….3 more Charts & Commentary HERE
