DOM dominion mining limited

a word of caution on dom

  1. 3,360 Posts.
    Now don't mistake for a second what I'm saying here. I'm a short and long term gold bull and like DOM as a goldie (it has been very good too me!), but the chart is giving some strange volume confirmation.

    You can see that heavy volume is coming during the down moves, while the volume is very light on the up moves. This is usually a very bearish signal. Seems strange to me, given the fundamentals for gold and the miners.

    Posting this so your aware. Not saying don't buy, or even sell, but just be aware that volume is not confirming a bullish outlook.

 
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