Aside from a couple 50-lb. bags of rice (and beans), what else could sustain you through a global economic meltdown? Well, Guns and Gold of course. We know what gold has been doing lately, basing at the $1000/oz highs, while also spurring things like
this hock-your-gold-jewelry tupperware-esque party. Take a look at two gun manufacturers.
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Will Smith & Wesson break the trendline and make a play for the 200-EMA? Volume has been intriguing and initial resistance would be around $3.30, but after that a run to $4.25 could be in the cards.
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See if Ruger could hold above the 200-EMA and trend-line break, while perhaps inviting a 50- & 200-EMA crossover.
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