I expect a rise in the POG to arrest the temporary fall in gold...

  1. 9,081 Posts.
    I expect a rise in the POG to arrest the temporary fall in gold stocks sooner rather than later.

    From a purely charting perspective it looks possible that CRS may retrace to 50c - but that prognosis assumes that "all things are equal".

    It does not factor in a renewed upward momentum in the price of gold which now looks a certainty imho.

    You will be lucky to pick up CRS at 50c - the bar might have to be raised a bit to "get in" before the next upward wave.
 
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