Schism has some good charts on the XAU

I usually use the HUI or GDX to study the Chartology of the Large Cap PMs

BUT the XAU seems to have the best Chartology of all . Lets look

Monthly

Wow….perfect 38.2 Fibo retrace is where we topped . Also look at what happened here in the

2001 to 2004 move >>>an 18 Month Consolidation after a 3 year move .

This time it only took 7 months to get here . This 2016 move has been EPIC

But ….I hate to speculate this…. are we starting an 18 to 24 month Consolidation here ?

xaum

Weekly

Much more palatable and optimistic

Bottoms at 190 ( not 180 as in the Monthly)

and takes off again in October

xauw