$Gold Daily

The gold daily chart suggests we have finally arrived at a continuation pattern in the intervening weeks. For now, gold in the daily is very neutral, but rising along with the 50-day MA.

http://schrts.co/8PAOTz

$Gold Weekly

This continuation pattern now appears in the weekly chart. Since Stockcharts.com decided to change the annotation method, I lost my annotations. The only annotation now is the continuation pattern.

The trend is clearly up in the ADX.

http://schrts.co/C5wTBK

GDXJ Weekly

GDXJ on the weekly chart is clearly overbought. But the ADX is very aggressively rising, as other indicators have topped. Gold mining companies are the sector that will be carried aloft along with gold prices in a market rout. We're seeing a second moving average crossover, which is very positive.

GBN.V, by comparison is now behind the curve, and has been since January.

http://schrts.co/mfi9GD

The $SPTGD demonstrates a very similar development, and has clearly broken out with a moving average crossover. The correlation with the gold/silver ratio suggests that an interim top might be formed when the ratio bottoms against the index.

http://schrts.co/zwmFYa

-F6