Golden Minerals Company

Good day Dontcryforme. This is what Trader Dan's Channel within a Channel looks like on the Daily Gold chart. Gold remains range-bound within both channels for the moment despite some very impressive underlying strength.

Heads up. The current cycle for Gold ends next week and what an odd last couple of cycles it's been in terms of behaviour. The previous cycle (positive bias) saw a quick spike up followed by a slow drift down back to the dominant trendline. The current cycle (negative bias) opened with a sharp selloff of $80 followed by a gradual drift upwards, recovering all ground and tacked on another $80 on top of that courtesy of a crisis in the confidence of US leadership that's been permeating markets.

At any rate, late next week marks the next turning point for Gold. I'll be posting more about the direction and length of the upcoming Gold cycle, later this week.