Day trading pre-market open September 8, page-2

Morning everyone - I prepared some very brief notes this morning:

When the gold price topped recently our gold stocks led the price lower as the leaders were not confirming the strength in the actual metal. Overnight I have spent some hours ploughing through charts on our gold stocks, leaders and hopefuls, and I am a bit impressed with the patterns of the last few days and beginning to think – perhaps still hope – that the stocks might actually be suggesting that the correction in gold could be over. For a start, the XGD is oversold but I accept that markets can remain oversold for an unbearably long time, but some of the charts are looking quite good.

I admit that I have not had confirmation but enough to really make me take notice. Perhaps just a bit of insurance!!!