I feel we'll see a retest of 56.5 from below... if price can hold above 57 for a couple of closes we might have seen a shakeout / bear trap... however, I also see downtrending trend line support at 49c and loosing half a cent each day, which will likely be where I might look to reenter after having forced out on Friday. In hindsight I feel the fact BDR was not trading in cycles similar to other goldies in general, unable to get any traction...
BDR Price at posting:
54.5¢ Sentiment: None Disclosure: Held