12 days left...

If gold is to reach my prediction of 1000 by the end of June, it has 12 days left to do it (counting today). If, your paying attention though, the current price is 933, and so far we have not fallen below it. I ask of you to take my predictions within reason. I'm a gold and gold stock annalist not Miss Chleo. When I so simply put that gold will not fall below 930, what I mean in a more explained way is that under today's conditions, if selling pressure on gold drops it to say 925, the price will be overwhelmingly rejected by the gold community. Any more selling of gold, will not be stood for and frankly will not profit many at those prices, and will be pushed back up again by the bulls. We may see intraday, or even a close below 930 in the the single digit numbers. Pennys. It will not last long, I assure you. Likewise, 1000 by the end of the month is dependent on buying confidence and strength. If it's not as much there as I think, it may take into the 1st week of July to unfold. Either way, It's coming, and soon. I personally would rather be too early than too late.

For those of you waiting for that Fibonacci 50% retracement, its now 11:13, and you just got it to the penny. 927.50. It won't be much longer now. Let me ask you chartists something. If the a daily chart spanning 6 monthes forms a cup and handle, than the target price and time for that pattern to unfold would be 6 monthes at a price of depth of cup + height right? So if the depth is 130 from the height at 990-1000, then your looking at a target of roughly 1120-1130 by the end of the year. With that being said...http://stockcharts.com/h-sc/ui?s=$GOLD
check my work for yourselves...

For those of you following IAG, they are at bottom of there trading bands, which is a great buy signal, and on top of that just announced there new mine in Ghana set to open next year is ahead of schedule and on budget. They also upped the estimate of proven and probable gold in reserves on the property by 8% to a nice 1/4 million oz. If you believe in gold, you shouldn't need to think about this one, especially now that its in the single digit mark. That too won't last long.

You buying time is at an end.

-J