We held the $830 level support and the chart doesn't look all that bad to me. Considering the rally in the dollar and drop in oil, we're just a small run away from getting back to the $870 area.
I know i'm always Gold positive, but I really think we're on the verge of a continuation of the 15% move from where we were 3 weeks ago (at highest point, $925, it was an almost 28% move in 2 1/2 weeks). Anyone whose been trading Gold and it's related products knows that these pullbacks ALWAYS occur after such a substantial move.
These miners are at DIRT CHEAP levels IMO but DYODD
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment