DRM needs to rise next week as its at the extreme bottom of the upward channel on the daily weekly and monthly charts and with Gold not penetrating $1200 and closing up last Friday US - I believe we we will get that bounce next week... Below is the monthly for DRM and below that is the long term Au chart that I have been looking and looking at over the weekend - While everyone is talking about the 1240 break being the end game for gold is it? I'm expecting and hoping for the long term support from 2005 holding and Gold bouncing from here. Au is entering its seasonally strong months ahead starting from August and a strong rally from these lows is possible and along with some very positive results from DRM we could all be in the money anyway could be completely wrong and we just float along steadily upwards as we have been over the last few months.....................
