LHG unknown

shorting?

  1. spiderman14
    6,837 Posts.
    lightbulb Created with Sketch. 394
    clock Created with Sketch.
    27/01/04
    16:10
    Post #: 367138
    With the gold price now nudging $400US the Aussie dollar still hovering around 77c and an Aussie gold price now at $524 it seems many have taken the opportunity to sell down their gold holdings and maybe even short the market.
    This could be a dangerous strategy.
    The gold price may briefly drop below 400US but the long term trend is still up and it would need to break below 385 and stay below that to prove a reverse in trend.
    LHG is coming back towards its 1.35-1.36 support.It seems like a pretty strong pullback this time but when you least expect it a turnaround occurs.
    LHG Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS Ausgold set to commence extensive multi-rig drilling campaign at Katanning
right-arrow Created with Sketch.
AII Becoming the largest conflict-free tungsten supplier in the world
right-arrow Created with Sketch.
RMX Red Mountain Secures Utah Antimony Project in United States
right-arrow Created with Sketch.
NEWS The biggest ASX director trades from the last week
right-arrow Created with Sketch.
NEWS ANSTO continuous piloting confirms exceptional rare earth recoveries
right-arrow Created with Sketch.
NEWS Southern Silver Exploration: Unlocking value at Cerro Las Minitas amid rising metal prices
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.