Winter Is Upon Us

When I started this blog it was my intention to post every day, now I find a month has gone by and I have not even posted once.
I have again made some trades and hold IAU, DOM and LGL.
It appears that gold may be challenging US$1,000 oz again, the US$ index looks bearish and future inflation worries would be foremost in the minds of certain governments rich in US$. The grab for gold may well now be starting in earnest.
Prior charts have shown the completion of the first wave and the development of the second wave down which finished at around previously indicated support.

I have illustrated my thoughts in the chart, the third wave has commenced, the clearing of US1k and the former high will confirm this and at this point I expect we may well see a sudden acceleration in the gold price as we pass the top of the first wave.

There are quite a few gold companies showing promising charts. I prefer to trade where stocks have some degree of volume but this one interests me, its ROL who could be sitting on a significant mine comparable to Lihir.