First attempt at $ 1300 this am
It may take a while to break thru, and or hold. If it does, then I believe this will be the start of the next leg up for TGZ and most other gold equities. We might need some help from the shakey stock market, which is still on it's dead-cat bounce, after the disaster in November/Dec (which was very gold bullish). The market is anticipating the start of the next Recession. the only question is, does it get delayed until 2020? Much depends on China/US negotiations, Brexit, other geo-political events, Corporate earnings post the Trump bump from tax rate declines, over-indebted consumers, over indebted Governments, a continuation of unwinding of Central Bank balance sheets, the direction of interest rates, the housing market, etc. On balance, the direction things have to move medium term are gold bullish IMO. MM