or hold them hoping for a bounce?
The daily and weekly LGL charts do not inspire confidence. The gold price doesn't look too bad on the daily chart, with the double bottom and MACD rising. But it's a different story on the weekly. Also, the HUI looks weak on both charts, as does the HUI:GOLD ratio. With 7 out of 8 charts agreeing, plus the spectre of the global deflation breakout, the decision is a simple one and I will be selling mine today for whatever I can get. This is not investment advice, just a perspective of a short-term trader.
or hold them hoping for a bounce?The daily and weekly LGL charts...
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 (20min delay)
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Last
$1.46 |
Change
0.055(3.93%) |
Mkt cap ! $177.6M | |||
| Open | High | Low | Value | Volume |
| $1.42 | $1.46 | $1.42 | $5.837K | 4.045K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4274 | $1.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.47 | 1000 | 1 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| LGL (ASX) Chart |