Hi all Now that I'm dabbling in the realm of "trading", I've...

Hi all

Now that I'm dabbling in the realm of "trading", I've been honing my technical analysis skills.

My take on Gold and BDR is as follows :

I think Gold is very near a bottom or most likely already started its next short term uptrend. It has bounced off the lower Bollinger Band on the daily chart and is in oversold territory.

I think it will start heading up towards $1300.

BDR is closely correlated to gold, barring some disastrous admission by management, I think we'll see the low 30's inside of the next 6 weeks.

I'm still underwater from my most recent purchase at 27.5c, hopefully, I'll be abke to exit that position with only my tail between my legs and not too much financial loss.

Cheers
Ivan