Posted by praetor54 on 26th of Jul 2015 at 02:42 pm
I agree that gold or at least the pm stocks will bounce over the
next several weeks. This week Gold Corp was 13% below the lower
Bollinger band on the weekly chart. The only other times GC was 10%
or more below the weekly BB was in October 2008 and 2014. Both
times it rallied to the 9 ema on the weekly. I took the opportunity
Thursday and Friday to load up on GC near the lows Now we'll see if
past performance can be repeated. 😄
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Gold RTM this week
Gold long term support, bounce st
Posted by praetor54 on 26th of Jul 2015 at 02:42 pm
I agree that gold or at least the pm stocks will bounce over the next several weeks. This week Gold Corp was 13% below the lower Bollinger band on the weekly chart. The only other times GC was 10% or more below the weekly BB was in October 2008 and 2014. Both times it rallied to the 9 ema on the weekly. I took the opportunity Thursday and Friday to load up on GC near the lows Now we'll see if past performance can be repeated. 😄