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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Trumptown who wrote (285242)4/23/2004 12:50:37 PM
From: Michael Watkins  Read Replies (1) of 436258
 
quite a few gold stocks making weak bounces in an already established down trend on the daily. Other than the 50DMA buyers on PDG, for example, it doesn't take much imagination to see a break of a 1 or 2 day low pushing that one lower.

Gold contract itself is in a similar position. A little lower and there will be a bearish engulfing on the GC onthe monthly chart at a multi-year high.

GC Technically still in a range, but could break down easily enough.

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