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Strategies & Market Trends : Alamos Gold

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To: Davy Crockett who wrote (617)11/30/2001 10:56:45 PM
From: Al Collard  Read Replies (1) of 4470
 
Hi Peter,

Your in with GLG-t @$5.13 for 3,898 shares.

Chart for Glamis Gold Limited:

stockcharts.com[l,a]djcanimy[dc][pc20!b50!b100!b200!f][vc60][iUb14!Ll14!La12,26,9!Lp14,3,3!Lc20]

From the chart of GLG we can see the stock has been trading around the support of it's 100MA but under the resistance of it's 20EMA, for the past three weeks. The chart indicators are neutral as the stock bases. A pure play on the POG this stock will move as precious metals move.

Hard not to notice the bullishness on SI towards the POG Peter. I know there is a seasonality thing but until the central banks relinquish their tight rein on the POG I just can't see it soaring. Am I missing something here?

Good luck with your pick,
Al
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