Another Correction in Gold?
Manipulation in full swing or just a temporary sandy spot in the road to higher precious metal prices? Regardless, today gold hit a high of 631.40 early at 4:50 and moved to a low of 613.80 about four minutes ago. The year chart still indicates a strong upward trend with this correction looking to be very near the bottom now. Were it to break below 600, then it will go farther.
This is providing another opportunity to add to your gold and mining stock holdings. Buying time is very near with HMY below 14 at 13.77; DROOY at 1.30 (below this price, it looks extremely good to me); BGO is off 0.34 at 5.06 now; IAG is holding well at 10.25, and QEE at 0.34.
As always be slow and careful to buy. The Canadian Fund (CEF) is holding well at 8.87. Both the silver stocks are still holding strong: PAAS 20.57 and SSRI 22.88.
Tomorrow is the option expiration date for August. Always strange things happen at that time. Those in want to make much on their options.
Best to each, Doug
This is providing another opportunity to add to your gold and mining stock holdings. Buying time is very near with HMY below 14 at 13.77; DROOY at 1.30 (below this price, it looks extremely good to me); BGO is off 0.34 at 5.06 now; IAG is holding well at 10.25, and QEE at 0.34.
As always be slow and careful to buy. The Canadian Fund (CEF) is holding well at 8.87. Both the silver stocks are still holding strong: PAAS 20.57 and SSRI 22.88.
Tomorrow is the option expiration date for August. Always strange things happen at that time. Those in want to make much on their options.
Best to each, Doug
posted by Doug @ 9:36 AM
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