Kennas, do you see LHG's decline in sp throughout the day as being in line with the gradual decline in the overall market? Or is LHG's recent strong run losing puff? And looking at your chart, will LHG sell off to about $2.90 - $3.00? I guess it all comes down to the gold price... which has had a near perfect diagonal rise since October 5. It will all depend on the factors you mentioned in the gold price thread.kennas said:Time for LHG to fail me..... Broken through the magic $3.10 mark, for the minute. Gapped up quite a bit. Can it sustain the rage. POG obviously the driver and I think it's in a new uptrend now. Onwards to $3.50 again hopefully.
Just opened a bit strongly I think. The gap up has been filled now and it still finished up 1 % on the day. POG finished down slightly after almost touching $650 ($649 I think) so could go anywhere Monday. Might depend on other economic data. While it holds over $3.00 I'm more bullish on it, clearing $3.10 ish, and holding above is very important. Previous strong resistance, both horizontal and down trend IMO.scsl said:Kennas, do you see LHG's decline in sp throughout the day as being in line with the gradual decline in the overall market? Or is LHG's recent strong run losing puff? And looking at your chart, will LHG sell off to about $2.90 - $3.00? I guess it all comes down to the gold price... which has had a near perfect diagonal rise since October 5. It will all depend on the factors you mentioned in the gold price thread.
POG was OK I thought, but overall market would have taken the shine off it.justjohn said:for what it is worthi think it was a combination of POG & sliding market
kennas said:Just opened a bit strongly I think.
Has held above yesterday's close of $3.17 for majority of the day now, with above average volume of 26 million so far.kennas said:This is breakout material now IMO. Holding above $3.10 which is the resistance point, and now trading at $3.15, which is my confirmation. Been there just for 2 days, so if it's there tomorrow, it's official to me! I'm topping up again.
All time high is my target before Christmas maybe. $US going down, and traditionally gold goes up in the lead in to Christmas apparantly.
Sorry mate been on the road today and haven't been here. Will catch up tomorrow. cheers.scsl said:Has held above yesterday's close of $3.17 for majority of the day now, with above average volume of 26 million so far.
Have you been topping up kennas? Also, would you mind giving your thoughts on the BSG thread?
Thanks a lot,
scsl
2020, It still could pull back in the next couple of days, but this recent action has meant that 'technically' it can now push though the previous strong resistance more easily. Still a chance to catch it on the next inevitable dip.2020hindsight said:rats lol - I tried to buy in at 3.21 - mustve got to the market at 4.00.01 pm(that's my 4000 shares buy sitting there lol)
see what happens tonight i guess. I can still pull out of that buy instruction I guess must watch tonight I guess.
On the subject of buying gold at the moment - one would think that the Democrats taking both houses of washington politics - that the threat of USA going to war is surely reduced ??
Maybe I'll pull the plug on that order first thing after all - (b4 market opens).
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