first majestic silver

Have Gold And Mining Shares Topped?

May 2, 2016

Gold should drop about $150 from here into May 18th or about 12-13%.  Gold mining shares should drop about 35-38% from here into May 18th. Mercury turned stationary/retrograde on April 28th, suggesting a major top +/- 2 trading days from that date.  The Gann cycles suggest a likelihood of Monday, May 2nd being that top. The vertical white lines are TLC or trend line convergence lows which look for May 18th and May 20th as being important lows.

The charts below explain everything:

Brad Gudgeon, editor and author of the BluStar Market Timer, is a market veteran of over 30 years. The subscription website is www.blustarmarkettimer.info

Copyright 2016 BluStar Market Timer


The first use of gold as money occurred around 700 B.C., when Lydian merchants (western Turkey) produced the first coins
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