BullMarketRun.com

John’s first two charts for 2012 examine the current state of the TSX Venture Exchange and Gold.  Both suffered in December but the technical outlook is brighter as the New Year begins.

The CDNX has clearly defined areas of resistance and support.  Below is a CDNX/Gold comparative 2-year weekly chart.

John’s second chart is a 9-month daily Gold chart that shows there is more upside potential than downside risk at the moment with the yellow metal.

2012 has arrived, and we wish all of our readers a very happy New Year filled with peace, joy, good health and prosperity.

Opportunities will abound in the markets this year and our goal will be to clearly identify some select “profit plays” and chart the progress of the TSX Venture Exchange and, primarily, Gold and Silver.  Politics will influence the markets significantly again in 2012, so keeping abreast of important political developments will be crucial with regard to market timing.

Updated CDNX and Gold charts from John will be posted later this morning.  Markets are closed Monday, in observance of New Year’s Day, with 2012 trading starting Tuesday.  “Morning Musings” will return Wednesday with a pre-market posting at 6:00 am Pacific.  Check for possible postings during the trading day Tuesday.