Traders precious gap was filled yesterday. Oh how predictable all the trading sheople are. It's a perfect system. Give everyone a set of mythical and mystical rules to follow like rising wedgies, double rectums and gaps that must be filled and then sit back and start playing them for all they're worth. And just like the good little technical trading sheople they are they follow down the valley of gap evil I wonder how many sheople got stopped out on 1Nov10 and couldn't get back in. Obviously someone is making money but I'm sure that some are losing out as well.
Bug Gold the Newmont report is a good insight of the risk we may face in the future. The cost of producing seems reasonable so far but energy is going to become a big factor.
The final outcome of all this will be largely due the government policy (local/federal) of the day and the negotiating abilities of the CEO and his team.
If you are happy with the risk/reward hold this one tightly.
Cheers
BW
Traders precious gap was filled yesterday. Oh how predictable...
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Last
41.5¢ |
Change
-0.005(1.19%) |
Mkt cap ! $236.9M | |||
| Open | High | Low | Value | Volume |
| 42.0¢ | 42.5¢ | 41.5¢ | $263.6K | 626.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 122421 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 16018 | 3 |
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