Loki,
I agree with your assessment, however I need to correct my own posting, I stated the future is unknown as far as Gold prices, this is true for the medium term onwards, but I find the short term price movements of Gold are generally predictable.
I am happy to post experts medium term predictions but I don't take them too seriously as there are too many variables. For me, I am primarily focused on what is affecting Gold now, why is it trending in a certain direction and how I can profit from it, I am generally successful in this, well until someone decides to dump 400tons of paper Gold all at once on the market and we all know what that is all about.
I like the negative sentiment at the moment and will be watching closely for another entry point into RSG, sometimes I miss as I did with KCN at 85c, almost pulled the trigger, but almost does not count, RSG has been profitable most of the time and I cut any losses quickly,I guess I'm just a momentum trader, I am not a technical trader but I am always interested in reading technical and fundamental analysis from those skilled in these areas.
Thanks for the post.
DYOR.
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Last
53.0¢ |
Change
0.015(2.91%) |
Mkt cap ! $1.128B |
Open | High | Low | Value | Volume |
53.0¢ | 54.5¢ | 52.0¢ | $13.30M | 25.09M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 280119 | 52.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
53.0¢ | 1254766 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 129529 | 0.525 |
6 | 99032 | 0.520 |
7 | 216089 | 0.515 |
5 | 109530 | 0.510 |
5 | 119369 | 0.505 |
Price($) | Vol. | No. |
---|---|---|
0.545 | 149713 | 4 |
0.550 | 229690 | 14 |
0.555 | 1800 | 1 |
0.560 | 173275 | 5 |
0.565 | 100000 | 2 |
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