On July 1st I made A Case for Gold. Let's take a fresh look at the charts and see if anything has changed.
In two weeks Gold has confirmed a break-out and the MACD is now just about crossing over for a Buy signal. In the chart below, Vista Gold is still a favorite, with everything lining up for a about a double from current levels.
In the overnight Globex market, the S&P's are up about 15 points, indicating a very strong opening on Monday if it holds. Gold is up about $1.00. I'll be watching Gold and a half dozen Gold Stocks this week, that is where opportunity is presenting itself for now.
A
1 comment:
Hi Allan,
Thanks so much for your generousity.Do you still hold VZG and why do you like this stock as a gold play?
Thanks,
Hans
Post a Comment