Re: $1.91 is the "new low", not $1.50

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Boatboy

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Re: $1.91 is the "new low", not $1.50

in response to

$1.91 is the "new low", not $1.50

Goldstar40

posted on Jan 11, 2010 01:09PM

Both you guys need to do a bit of DD. Take a look at the NOT chart and make sure you include the RSI numbers. What you will find on the last two lows is the following;

October 5, 2008 - Close $1.55, RSI 34.63

November 18, 2008 - Close $1.50, RSI 34.77

The current RSI is 38.56, indicating way oversold (retail Sheople bailing). My guess is another day or so of shakeout before the buyers return. If you are waiting for $1.50, forget it, you won't see it imho.

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