Max  McKegg

PO Box 22-304, Wellington 6441, New Zealand, Tel. 64-4-479-0983, Fax 64-4-479-0985

Spot Gold, last at $1,536   - May 30th, 2011

This month’s sell-off saw Gold correct back to support, with the subsequent recovery heralding the resumption of Gold’s Uptrend toward my next Objective around the $1,630 level (enroute to my longer term Target of $1,925).

Supporting chart(and previous analysis)is shown below.

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Spot Gold, last at $1,473   - April 10th,  2011

Gold’s Bull market is developing nicely and is now well positioned for a strong advance toward my next Objective around the $1,630 level over coming weeks.

Spot Gold, last at $1,236    - August 29th,  2010

Gold’s Bull market persists and Gold is well positioned for a rally to new highs over coming days and advance onto my Objective around the mid $1,300’s area in coming weeks.

Spot Gold, last at $992   - September 4th,  2009

Gold’s broad consolidation is ending at a time reminiscent of early September 2005 and early September 2007 (both of which gave-way to significant advances) and looking for a rally above the Key $1,020/$1,035 resistance area over coming days; for advance toward the $1,100 level, enroute to the mid $1,300’s over coming months.

Disclaimer: Max McKegg accepts no liability for any loss or damage that may directly or indirectly result from any advice, opinion, information or omission whether negligent or otherwise, contained in this report.