|Gold Shares Chart|
Gold Shares' overall trend, revealed by trends of price, leverage, and time, are define and discussed below for subscribers.
Gold and gold shares, markets in transition, continue to oscillate from Upside alignment to consolidation. This oscillation is driving down participation just as these markets compress. Compression, an observation recorded in both the majors and juniors in both price and volume, tells us something is coming. I know the die hard bears will be the first to scream "CRASH", but the composite message of the market from precious metals composite (PMC) and confidence oscillator (Matrix Line 103) hints towards an unexpected upside breakout. This is not my forecast, but rather an observation based on the cycles of time.
Today's action, though not finalized, favors another upside alignment in the majors. Stay tuned and download the Matrix tomorrow.
Matrix Line 39
Matrix Line 40
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