Technical analysis, page-10

Hey Martis the Great H,

Not looking good right now, looks like 30c-32c base camp again, as GP drops right now, then PRU may go lower, AUS$ drops yet it goes down, thats a bad sign there.



Couldn't break the 40c, annual chart shows 30c-50c 3 month range but with PRU you can be in pain for 7 months like I was in 2014 caught on the downside, luckily I sold all out at the triple top of 53c. Its never been back since. Phewww.

Ive been watching it though since, the gold bears look wrong but that US$ rise is ominously bad for GP. SO is sit and wait, once GP starts rising & US$ weakens after November perhaps when US stops rate rises and starts QE again and drops the US$ like Trump proposes then GP will spike again and I will buy PRU again.

midrange between 30c to 50c is risky. I suffered horror mental scars in 2014 on PRU sorry, sat on a large loss for 4 months and finally sold at the peaks to make a decent profit after all that. Wasn't worth the pain, buying low at 29clows again helped saved my bacon.

So I sit and watch. I prefer SLR frankly with AUS$ dropping sharply.