Well denpal,
I only have faith in one chart and that is my own Advance / Decline chart.
Broadly speaking we could be in for a rough 3 months in the market.
What to do ?
Think of DOM price as a ping pong ball bouncing down a downward sloping plank.
About now could be a good time to buy because the sky is about to fall in ( said chicken little )
Soris headlines say gold is a bubble
P V Eeden says gold is above fair value
Credit Swiss says gold over valued.
The short sellers are active.
Now all we need is the DOW to plummet 4 % and we have perfect panic.
So I would ease into DOM over the next 3 months.
The charts will not be of any reliable help to you but DOM says it will lift output 20000 oz in future --- that is WHY you are buying !
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Dani Nadri, Country Manager Australia
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