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5,105 Posts.
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18/04/13
12:25
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I have followed your lead and took some myself
fingers crossed i think its a good trade
stop loss of 4.5% im comfortable with that
our goldies have taken a larger fall than the overseas goldies in % terms
i suspect the weekend is fast approaching and the vultures will short and sell into the weekend with the use of fear as they did last week
but i suspect there will be a massive rally over the weekend based on some kind of news released in a "timely" manner that will snap gold back
i could be 100% wrong however
also, i like the 2009 low of 16.50 area same level of panic and fear right now but fundies should be licking their lips now blood on the gold street
id love to hear of any one elses views on targets short term
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