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Gold Spot / U.S. Dollar
Long

#Seasonality long for #GOLD

By mortdiggiddy
Updated
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.

snapshot

[Forwarded from #DailyEdgeLive]
Stock Blocks
FCX
1,463,000
13.10
Comment
1550-1580 target near the big 618% fib level.
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snapshot
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GDX strong seasonality begins around now with gold as well, following to mid February. snapshot
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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

snapshot
Comment
Big gap up today on silver after yesterday's large 1.5 mil and 700k block buys.
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1.5 million GDX block buys.
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Classic Camarilla trading on Year CAM pivots for silver. CAM Year S3 bottom, breakout R4, backtest R3 again with Year VWAP, then rise again. snapshot
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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.
blockGoldPitchforksSeasonalitySilverTrend Lines
mortdiggiddy
Find the edge.

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