LGL lynch group holdings limited
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LGL:Gold correlation provides upside, its not as good as...

  1. yellowgsum
    11,522 Posts.
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    17/07/08
    14:44
    Post #: 4003980

    LGL:Gold correlation provides upside, its not as good as NCM:Gold. LGL:XJO is better than NCM, so XJO up, Gold down, LGL does better than NCM on both counts, on average, like today.

    DJIA:Gold correlation is high negative on average in mid term, so if US tanks, XJO tanks, Gold rises fast.

    LGL should be fine, can't see it getting below strong support at ~2.90, you could wait there to buy in, but risk missing out.


    LGL Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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