re: any thoughts on this one short term ...what sp OGD's volume is very encouraging. Is the downtrend over? Lets hope so.
Gold
New York: Spot gold has started an intermediate up-trend, rallying to $426.90 on Friday. Expect a test of resistance at the April high of $435.70. Failure to breach this would be a bearish sign; confirmed if the metal then falls below support at $415.
$415 is at the base of a large (6-month) triangle; while the primary trend will reverse downward if price falls below support at the February low of $410.
Source: Collin Twiggs
OGD
oceana gold limited
