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Message: Re: LBSR and GOLD Took a HIT Today
1
Nov 05, 2015 04:47PM

From an piece out on Tueday looking at POG.

http://www.321gold.com/editorials/thomson_s/thomson_s_110315.html

5. The gold market is looking for consistency and transparency. It’s getting it from the Chinese and Russian central banks, but not from the Fed. As a result, there’s a risk that gold declines to the $1100 - $1120 area, before Friday’s US jobs report is released.

6. Note the position of my 14,7,7 series Stochastics oscillator, at the bottom of the gold chart. The lead line sits at about 28 this morning. It should be in the 20 area by 830AM on Friday, when the US jobs report is scheduled for release.

7. That’s good news for all gold price enthusiast. The technical and fundamental “stars” are lining up very nicely, for a sharp post jobs report rally!

[Emphasis added.]

We will very soon find out if Thompson is correct. He usually is.

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