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Gold/Mining/Energy : Sandstorm Gold

SAND 12.12

0.0%

Oct 24 9:44 AM EST

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To: The1Stockman who wrote (707)	10/20/2012 6:08:19 PM
From: architect*	Read Replies (1) of 1133

Sandstorm - $12.32 is a good target. July low $7.60 - Oct high $15.40 - 38% retrace is $12.31, and 50% is $11.41 Sept low is $9.60 and Oct high $15.40 - 38% retrace is $13.21 and 50% is $12.50. If you set your Sto setting on 20,10,5 you'll see a Sto cross from buy to sell about every month from July to Oct. Sto cross-own sell was early Oct, so maybe a buy Sto cross-p early Nov. Same timing in gold, , some time is needed for a correction / consolidation of gold's rally from July low to October high. If the Eurozone meetings later this month are positive, good news from Europe could be bearish for gold, I think. Gold moves inversely to the $Euro and $USD.

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