Morning everyone - I prepared some very brief notes this morning:
When the gold price topped recently our gold stocks led the price lower as the leaders were not confirming the strength in the actual metal. Overnight I have spent some hours ploughing through charts on our gold stocks, leaders and hopefuls, and I am a bit impressed with the patterns of the last few days and beginning to think – perhaps still hope – that the stocks might actually be suggesting that the correction in gold could be over. For a start, the XGD is oversold but I accept that markets can remain oversold for an unbearably long time, but some of the charts are looking quite good.
I admit that I have not had confirmation but enough to really make me take notice. Perhaps just a bit of insurance!!!
- Forums
- ASX - Day Trading
- Day trading pre-market open September 8
Morning everyone - I prepared some very brief notes this...
- There are more pages in this discussion • 131 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online