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Message: Re: Gold Stocks - bottoming?

Jan 17, 2011 11:20AM
1
Jan 17, 2011 02:46PM

Jan 17, 2011 09:44PM

Jan 17, 2011 11:21PM

Jan 18, 2011 12:21PM

You're right - weak bounce, so far. I'll be watching this like a hawk until it breaks out of the falling wedge on the daily chart. Bottom picking is always tricky, and in this case, I am not convinced this is THE bottom, just a trading bounce. That's why I chose liquid names like ABX & XGD - easy to get out if things turn down. If I thought this was the end of the gold correction, I would go for the high beta names.


AL2
Jan 18, 2011 03:04PM

Jan 18, 2011 03:34PM
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