Will Jackson Hole Make You Randgold, Baby? Will It?

Like most large cap gold miner charts, Randgold Resources, out of South Africa, has made steady technical progress this summer after several quarters of grinding, corrective action. 

However, as you can see on the GOLD daily timeframe, below, the jury is still out until we see another thrust higher for the precious complex. 

Jackson Hole at the end of the week remains a risk for all parties involved. Indeed, Central Bankers have had a knack to knock down gold at various intervals for years on end. So it will be interesting to see if that continues to be the case.

But for purists, the technicals are coiled and GOLD over $98 ought to be considered a sound long trigger to enter a swing trade. 

More on the market in my usual Midday Video for Members.