mortdiggiddy

#Seasonality long for #GOLD

Long
mortdiggiddy Aktualisiert   
FX:XAUUSD   Gold Spot / U.S. Dollar
Each year there is a high value trade that forms after the final Q4 FOMC. Today we have seen big 1 million + blocks on $FCX. I believe a follow up move is coming for gold for the strongest time of the year to FEB.



Stock Blocks
$FCX
1,463,000
13.10
Kommentar:
1550-1580 target near the big 618% fib level.
Kommentar:
Kommentar:
GDX strong seasonality begins around now with gold as well, following to mid February.
Kommentar:
SLV just published a live 1,500,000 block trade. Today is the average seasonal bottom into mid February.

$SLV
1,500,000
16.30

Kommentar:
Big gap up today on silver after yesterday's large 1.5 mil and 700k block buys.
Kommentar:
1.5 million GDX block buys.
Kommentar:
Classic Camarilla trading on Year CAM pivots for silver. CAM Year S3 bottom, breakout R4, backtest R3 again with Year VWAP, then rise again.
Kommentar:
Great run, but it looks like 1600 will be the line in the sand for awhile. $50+ range day on gold with this middle east news.

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