News: RSG Resolute Mining Posts HY Profit After Income Tax Attributable Of $35.7 Mln, page-14

I think its just being manipulated to push upwards in the AM and then shorted after its risen.

On Friday, 60% of activity was short traded....

	Date	Gross shorts1	Issued capital	% Capital shorted2	Trade volume3	Shorts as % of volume4
1	Fri 30th Aug, 2019	4,411,146	900,888,230	0.49%	7,169,800	61.52%
2	Thu 29th Aug, 2019	1,605,865	900,888,230	0.17%	5,580,498	28.78%
3	Wed 28th Aug, 2019	3,921,190	900,888,230	0.43%	7,815,002	50.18%
4	Tue 27th Aug, 2019	3,517,012	900,888,230	0.39%	9,387,902	37.46%
5	Mon 26th Aug, 2019	4,028,555	900,888,230	0.44%	12,748,343	31.60%
6	Fri 23rd Aug, 2019	2,945,832	900,888,230	0.32%	6,093,914	48.34%
7	Thu 22nd Aug, 2019	3,613,907	900,888,230	0.40%	10,259,821	35.22%
8	Wed 21st Aug, 2019	4,253,519	900,888,230	0.47%	11,045,102	38.51%

DYOR but unless this breaks & closes above $1.82 I'm staying well out. If it drops & closes below $1.595, it's cooked and it will go back down to the $1.40's.

Currently there are no higher high and lows, all lower highers and lows. Coupled with the fact there is a head and shoulders pattern staring everyone in the face...IMO this has gone bearish.

I know many will argue that price of gold is up up up (and I agree, its great, I own quite a lot of gold), so the gold miners should keep rising, but you still need to bear int he mind the market, trader psychology, the charts and what everyone else is seeing in them, etc etc etc. You also can't rely on Trump dropping some inane comment (well, you can...but maybe not about this) and shooting it skywards again, he's busy with Dorian at the moment. Plus, let's be honest, if your investment decisions are based on what Trump says....then you may want to reconsider what you are doing with your cash.....

All IMO, please remember I am simply trying to be objective - so if you don't like my anaylsis because its not saying what you want it to....well sorry (not sorry), but don't jump down my throat for it....

again, IMO, but if you are bullish on gold....buy gold.