Good to see George Soros topping up in junior gold miners.Soros...

Good to see George Soros topping up in junior gold miners.

Soros now has almost a quarter billion dollars of gold exposure now.

The last time it bumped against the base of its channel was 2008, and before that 2005. Both times, gold went on to jump over 80% in the following twelve months. A repeat of that from here would take gold to $2,500.

The other technical signals are flashing green too. The RSI at the top is as low as it's been, as is the MACD. Both are clear warnings to expect gold to make some major moves up from here, and soon.

copy paste chart to have a look

http://portphillippublishing.com.au/images/MPR20130522al.jpg

Fingers crossed...