Gold closed below $1350 for the first time since 17th November and is now signalling a SELL signal on the Weekly charts with 5ema ($1365) < 10ema ($1366) this week 17-21 Jan.
Daily 5ema ($1355) < 10ema ($1365) gave a SELL signal on Tuesday 4th January 2011 at $1400.
Gold shares are a leverage on the GOLD price. BlackRock Gold and General fund 1534p is now less than 2% from the 200ema (1510p)
Agnico Eagle $68 target BUY $65 SELL $75
Fresnillo 1340p target BUY 1200p SELL
Kinross $17 target BUY $15 SELL $19
Newcrest A$37 target BUY $35 SELL $39
Newmont $56 target BUY $50 SELL $58
RandGold 5020p target BUY 4500p SELL 5500p
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