Wednesday, August 29, 2007

Gold Stock Buy Signal


Broad Markets confirm new rally

Gold/XAU Ratio 4.84
New Gold Stock Buy signal

2 comments:

Gold Stock Prophet said...

Hi there,


I agree with you on the statement you posted. I would bet that gold stocks will be higher in the weeks and months ahead.

Do you think there may be an inverse head and shoulders pattern forming in the first chart you posted, the one of the Nasdaq?

STOCK SNIFFER said...

Thanks for your comment Danny. See today's post for bullish DJIA P&F Chart. When a good trading position is booked all we can do is find support and resistance and then use our trading rules and discipline to execute the trade.