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Chartology: Gold Fever

Gold may have given up some gains in Thursday’s session, but it's still hovering near its all- time high. Should you get on board here?

Or has this metal lost its luster?

Technical analyst John Roque of WJB Capital remains bullish, very bullish.

In fact, not only does he tell the desk that the precious metal has room to run, he also says it should take the miners along for the ride.

And he’s particularly interested in Newmont which could go all the way to $80. That’s quite an increase considering it close around $57 a the time of the interview.

Why do the patterns make Roque so optimistic? Get his entire analysis. Watch the video now!




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Trader disclosure: On May 13, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (GS), (INTC), (MSFT), (AGU), (BTU), (NUE), (C); Finerman's Firm Is Short (IYR), (IWM), (MDY), (SPY); Finerman's Firm Is Long S&P Puts; Finerman Owns (AAPL); Finerman's Firm Owns (BAC), (BAC) Calls; Finerman Owns (BAC), (BAC) Preferred; Finerman's Firm Owns (BP), (BP) Calls; Finerman Owns (GOOG); Finerman's Firm And Finerman Own (JPM); Finerman's Firm Owns (KFT); Finerman's Firm And Finerman Own (RIG), (RIG) Calls; Finerman's Firm Owns (TGT); Finerman Owns (WFC) Preferred; Finerman's Firm Owns (WMT); Finerman Owns (IBM); Finerman Owns (GS) Calls; Finerman's Firm Owns (MCD), (IBM); Seymour Owns (AAPL), (BAC), (HAL), (MSFT); Kelly Owns (FXE) Puts; Kelly Owns (FXB) Puts; Kelly Owns (SPY) Puts; Stutland Owns (SLV) Calls, Is Short (SLV) Puts; Kinahan Owns (AKS), (C), (MSFT), (CSCO), (WFC), (YHOO); Kinahan Is Short (SPY); Grasso Owns (BP), (NDAQ), (DYN), (LPX), (ASTM), (ABK), (BAC), (BGP), (C), (CVGI), (JPM), (PRST), (PFE), (BA), (T), (CSCO), (X)

For Brian Kelly
Kanundrum Capital Is Long U.S. Dollar
Kanundrum Capital Owns (GLD)
Kanundrum Capital Owns (GFI)
Kanundrum Capital Owns (AUY)
Kanundrum Capital Is Short Euro
Kanundrum Capital Is Short Yen
Kanundrum Capital Is Short Pound
Kanundrum Capital Is Short Franc
Kanundrum Capital Is Short (IBM)
Kanundrum Capital Is Short (XOM)
Kanundrum Capital Is Short (HES)
Kanundrum Capital Is Short (NUE)
Kanundrum Capital Is Short (DB)
Kanundrum Capital Is Short (BCS)
Kanundrum Capital Is Short (XLF)
Kanundrum Capital Is Short (XLK)
Kanundrum Capital Is Short (XLI)
Kanundrum Capital Is Short (XLY)
Kanundrum Capital Is Short (XLV)

For Hilary Kramer
A&G Capital Is Short (VZ)
A&G Capital Is Short (QQQQ)
A&G Capital Owns (RIG)
A&G Capital Owns (SCHN)
A&G Capital Owns (GS)
A&G Capital Owns (MSFT)
A&G Capital Owns (SLB)
Kramer Is A Hedge Fund Client Of (GS)


For Steve Grasso
Stuart Frankel And Its Partners Own (AMR)
Stuart Frankel And Its Partners Own (BAX)
Stuart Frankel And Its Partners Own (DYN)
Stuart Frankel And Its Partners Own (CUBA)
Stuart Frankel And Its Partners Own (DYN)
Stuart Frankel And Its Partners Own (GERN)
Stuart Frankel And Its Partners Own (HSPO)
Stuart Frankel And Its Partners Own (MERC)
Stuart Frankel And Its Partners Own (NWS.A)
Stuart Frankel And Its Partners Own (NYX)
Stuart Frankel And Its Partners Own (PALM)
Stuart Frankel And Its Partners Own (PDE)
Stuart Frankel And Its Partners Own (PFE)
Stuart Frankel And Its Partners Own (PRST)
Stuart Frankel And Its Partners Own (RDC)
Stuart Frankel And Its Partners Own (TLM)
Stuart Frankel And Its Partners Own (XRX)
Stuart Frankel And Its Partners Own (SDS)
Stuart Frankel And Its Partners Are Short (QQQQ)
Stuart Frankel And Its Partners Are Short (CL)
Stuart Frankel And Its Partners Are Short (AAPL)

For Patty Edwards
Edwards Owns (HD) For Clients
Edwards Owns (BKE) For Clients
Edwards Owns (COST) For Clients
Edwards Owns (JCG) For Clients
Edwards Owns (COH) For Clients

For Robert Mackenzie
FBR Capital Markets Is A Market Maker Or Liquidity Provider For (RIG)
FBR Capital Markets Analyst(s) Own (RIG)
FBR Capital Markets Is A Market Maker Or Liquidity Provider For (SLB)




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