Portion from GUNNER24 Forecasts

Ticktock, ticktock

Time’s wearing out unstoppably – it’s running out!! The question is when will the major US stock markets crack down? When will they join those many European stock indexes the majority of which are in the new downtrend on daily base already thereby having swung into the long-expected correction mode in the weekly time frame as well?

I can’t tell exactly to a day. All I’ve got is a timing ribbon.

What always attracts the attention of the Big Boys is the Bradley Siderograph developed in the 1940s by Garth Allen – better known as Donald Bradley – in order to forecast the financial markets (bonds, commodities, stocks). He assigned numerical values to certain geocentric and heliocentric planetary constellations for every day, and the sum is the geocentric or heliocentric Bradley Siderograph or Bradley Index:

The siderograph is now forecasting a significant turn for the US markets. Since the forecast for 2014 – actually a continual rise without large corrections - widely came true so far, we’ll have to play for keeps the timing ribbon for the year-high 2014 expected by the Bradley Siderograph – July 12 to 20. We will, especially regarding the fact that the European indexes have been turning and tanking and in the higher time frames many serious negative divergences are newly to be stated at the controlling technical indicators.

GUNNER24 Timing for the turn and the confirmation of the beginning correction:

The current year-highs in the majors are too early in July to be possibly the final high already, according to Bradley respectively in terms of time. Considered in terms of price, the current July highs might have represented yet the end of the road however. Though, the time is signaling that 07/03 was too early for the markets to form the final turning high.

Gold produces another buy signal on weekly base with targets 1402 and 1430. First, it should turn from the 1360 surroundings downwards however to test the 1302-1315 again. Then up it goes to 1402 respectively 1430

The current up-move started 6 weeks ago at the 1*2 Angle after the 144th week of the correction in the secular bull market had cemented an important higher low. So, the up-move has lasted 6 weeks so far. According to the body of rules thereby the next important top in gold is to be expected by the end of July = 8th week of the up-move.

The last week candle succeeded in closing clearly above the resistance of the Blue Arc. It’s a new buy signal that in the medium term will primarily activate the first square line resistance at 1402. In the further course, also the 1st double arc resistance at 1430 is likely to be worked off. Not before a significant weekly close above the 1st double arc gold will be out of the woods. Just then we will have the final confirmation that the metal is in the first new up-eg of the secular bull-market that will top out in 2019.

All 6 weeks of the present upswing are showing "green" candle bodies. It’s a strong upleg, just like a very first upleg in a new powerful bull market upleg is supposed to start.

Week by week, gold has been following upwards marking its weekly high at the angle without rebounding there. Corresponding to the Fib count, this condition shouldn’t/may not change before some day during the week after next = in the 8th week…

Ergo, gold will be attracted respectively dragged up at least 5 more trading days by the 2014 1*1 Resistance Angle. Not before Monday after next (when the current swing will be in week # 8) the angle is "allowed" to begin rejecting the metal.

Interesting is the cross resistance formed by the 2014 1*1 Resistance Angle together with the 2013 1*1 Resistance Angle and the Blue Arc, narrowly beneath the current weekly closing at 1338. The cross resistance is overcome by the current weekly 1340 close. Thoroughly conspicuous is that the 1338 was still taken upwards at the late Friday trading. At an actually very sluggish and extremely boring day finally such an important signal on weekly base succeeded – strange!

Above all it is because the 1340 even took the important resistance of the Blue Arc on weekly closing base. This strong close in gold is extremely trend-setting, I think. Gold is supposed to go up.

Gold found its second bottom in the 28th month of the correction, you know (December 2013), exactly at the upper line of the 2nd double arc. Since then it has been marching up stopping exactly at an important resistance magnet with the Friday close. It closed at the 1340 horizontal resistance that starts from the intersection point of the lower line of the 1st double arc with the beginning of the setup.

Well, trading, respectively investing respectively trend recognition normally always bears on the markets’ performance at important resistances and supports respectively Gann and GUNNER24 Magnets, you know. Given that gold settled exactly at 1340, I mean it really feels attracted by this combined weekly and monthly GUNNER24 Magnet, above all not showing any rebound energy respectively rejection from this magnet, it is surely willing to take/break this resistance upwards.

By this comportment and since the weekly swing mustn’t mark the next important high before the week after next – at the earliest – it is preparing the future break of the 1340 upwards.

Gold is likely to take the 1340 within 5 trading days then, maybe in 6-10 trading days heading for the next important monthly Gann Angle Resistance. From the all-time high springs the important 1*2 Gann Angle. This is the uptarget for July. The 1*2 Gann Angle Resistance takes course at 1357-1362 for July 2014.

A look at the history of the 1*2 Gann Angle is sufficient to assess what a hardship is threatening there after working off. The unsuccessful test of the 1*2 Resistance Angle in April 2013 was the trigger for the whole mess that lead gold into the June and December 2013 correction lows. The angle generated such a lot of negative energy at the 04/2013 high so that even monstrous supports broke like twigs, taking the upper line of the 2nd to set bounds to this down-energy boost…

So, after working off the 1357-1362 there at the 1*2 Resistance Angle July is technically supposed to find its top then turning heftily downwards to test back in succession the important 1312-1302 monthly GUNNER24 Support Magnets in August. If this course does not happen as described it will be a strong surprise. Too powerful should be the resistance function of the 1*2 Gann Angle yet in July 2014.

…if July 2014 really does close significantly above the 1*2 Resistance Angle = about 1372, the 1*1 Gann Angle in the setup above will be activated as main uptarget. The 1550 region at the 1*1 Angle will be expected to be headed for very quickly = maybe in February 2015 in that case.

A monthly close above the 1*2 Resistance Angle is a powerful buy signal on monthly base. Taken the appearance of the trend situation however, I don’t reckon with this buy signal before September 2014, at the earliest.

In these whipsaw markets of the last weeks that might confuse any trader thus leading mercilessly to burning the trading account the professional signals have got their special importance.

Be prepared!

Eduard Altmann

GUNNER24
Eduard Altmann
Petersbergweg 15
53227 Bonn
Germany

Interesting GOLD Company ............

Torex to Significantly Add to the Number of Gold Ounces Mined and in Stockpile for Processing in 2015

Monday, June 23, 2014

Torex to Significantly Add to the Number of Gold Ounces Mined and in Stockpile for Processing in 2015

06:00 EDT Monday, June 23, 2014

TORONTO, ONTARIO--(Marketwired - June 23, 2014) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX:TXG)(TSX:TXG.WT) is pleased to announce that mining of the "North Nose" pit has started, and this mining will add approximately 72,000 recoverable ounces into a stockpile that will be available when the plant is ready for commissioning in August of 2015. The Company expects to process this material in 2015, in addition to the previously planned 38,000 ounces of 2015 production from its El Limon-Guajes Project in Mexico.

Fred Stanford, President and CEO of Torex, said: "It has always been the intention to engineer a way to bring forward, into the 'ramp-up period', the tail end of the production schedule as defined in the feasibility study. Now that the operators and engineers are on site and developing into a team, they have been able to design a mining approach for the North Nose Pit that will work in concert with the construction of the Rope Conveyor. These ounces that they have been able to pull forward have an excellent grade at an average of 2.9 g/t and will be low cost at an average strip ratio of 1.9 / 1. With this good work to enhance early cash flows now complete, they will turn their attention to doing the same with the El Limon Sur deposit, for the 2016 portion of the ramp up period. Construction of the El Limon-Guajes Project continues to advance on schedule and on budget," he added.

Torex is a growth-oriented, Canadian-based resource company engaged in the exploration and development of its 100% owned Morelos Gold Property, an area of 29,000 hectares in the highly prospective Guerrero Gold Belt located 180 kilometres southwest of Mexico City. Within this property, Torex has two projects: the El Limon and Guajes Project, currently under development, and the Media Luna Project, at an advanced stage of exploration. Torex intends to identify a pipeline of future economic deposits within its property, which remains 75% unexplored.