Welcome To the Stock Synergy, Momentum & Breakout HUB On AGORACOM

Edit this title from the Fast Facts Section

Free
Message: Gold Stocks - bottoming?

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.

Share
New Message
Please login to post a reply