Bit of an anti-climax to the mornings trade. This is what can make short term trading very frustrating.
Imagine being stopped out under $3 on any one of the last three days, taking a loss there. Then deciding this morning to jump back in on the open at 3.06 after seeing POG rebound and HUI up 2.6%, only to see our producers fall from good opens to be only marginally up. Might be due to the strong AUD taking the shine off the gold price rise for us but if the POG continues higher from here we might see better moves in our goldies in the next few days.
SLR Price at posting:
$3.02 Sentiment: Buy Disclosure: Held