GDXJ Daily

The Daily GDXJ chart is showing a rally to the 300-day MA, which if GBN.V share prices advance the same amount, then testing the 300-day MA will result in a breakout on the weekly chart.

Since there is significant inverse correlation between GBN.V and the long-dated U.S. treasury bond price, that would imply that a sell-off in bonds is imminent, or perhaps on a secondary basis, that gold prices would advance significantly.

Given that the entire planet is anxious to have their qualms answered on quantitative easing with a higher gold price,(or a higher price in everything. Oil has notably declined, while gold has advanced) very likely this advance in the gold price may be accompanied by an interim rise in yields.

http://www.nowandfutures.com/forecast.html#predict_gold

A monthly close above ~$1790 - $1800 would open the advance to the previous highs set a year ago.

supersize:

http://www.flickr.com/photos/11747277@N07/8012215679/sizes/l/in/photostream/

http://scharts.co/ThKxL6

-F6