Looking at some of the Gold/Gold related stocks and thinking it might be a good time to nibble. First look at
DZZ (Gold Double Short) and the hanging man candlestick at the highs:
Next, there's SPDR Gold Trust
GLD with it's gapped-down inverted hammer with volume diminishing on the way down. Also, $7 away from it's 10-day EMA:
Similar story with
GG:
There's
FCX, for a little diversification in metals:
RTP was at $550 just 5-months ago!
And then there's
AUY...the cheap of cheap! A
bullish doji star on large volume.
Next, there's SPDR Gold Trust GLD with it's gapped-down inverted hammer with volume diminishing on the way down. Also, $7 away from it's 10-day EMA:
Similar story with GG:
There's FCX, for a little diversification in metals:
RTP was at $550 just 5-months ago!
And then there's AUY...the cheap of cheap! A bullish doji star on large volume.
1 comment:
I think, gold has ben bearish since june 2008 and could be more bearish until next year we may see bullish on gold, for this end of year we gona see rebounce and bearish, 900 or 1,000 not in this year
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