$Gold Monthly

With the monthly gold price close at a high, we are beginning to see how the next stage of the bull market is in position.

On the monthly logscale chart, an RSI of 50 is probably called for, as is a crossover of the red and green indicators of the ADX, something that has so far taken years to formulate. As you can see from the RSI and ADX, it appears that we have a small final peak phase, where most of the gains were in the first leg of the bull market.

We can also measure a likely end value for the peak of the bull market using a fibonacci projection.(in grey)

In terms of GBN.V, what that might mean is that the gold price confirmation here will push forward the tabling of financials for fiscal 2014 in August, which to date are being kept secret.

http://scharts.co/1f7ky4t

-F6