"Technical buying could spark gold's rally, traders said. The metal is inching closer to its next critical resistance of 200-day moving average at around $US1,630 an ounce. The metal had held the chart support for almost three years until December 14."
Once $1,630 passes NST should hopefully see 86c +
Until then, let's hope gold rally doesn't fade
NST however is a great pick in the sector.
Read an article that there's not going to be a lot of gold buying from China this week due to preparations for Chinese New Year.
Im out of NST @ 92.5c. Looking to re-enter further down the track.
I don't know anything about cups and handles, except that I see one heading towards my face every morning, but if it holds above that $1 mark then we are looking good.
Shall I sing NST's praises yet again ?
As opposed to other goldies, this is the most prospective and obvious gold stock around to invest in as it offers good production which is building rapidly, amazing resource growth which is UNDERWAY, not hoped for, and valued at a lot less than comparables.
Not to mention that NST is not in an area where people get taken hostage or it rains for 14 months of the year. Might sound like a cheap shot at RED, but when you compare them, it highlights some things. I hold both, but at this stage, NST has a serious plan for 200kOz and great drill extensions to date. If only it was in West Africa.
Hate to tell you but there's only 12 months in a year.
Yep lots of action at $1.07.
The spread tomorrow is going to be huge if this closes at around $1.10 lols.
Hey Mr Jeff, Jancha and Chas. I'm out of RED and into NST as of today. NST prides itself for regular Ann's and never disappoint. The buy and sell depth ratios are looking sweet. In this for the short to medium term for the moment. Whats your tech analysis on Northern Mr Jeff ??
That explains a lot. When I get through grade one I will hopefully have this memorized.
I agree that they are both attractive stocks hence why I hold both. Don't know about tax but I am considering risk which is hard to price in - such as country, weather, production, exploration and development etc.
Haven't got time to run through pro's and cons of each in detail, especially the tax part, so just bought both. In one years time it will be interesting to see what has happened. (not that I will hold either for the entire year unless they run solidly up).
Good stuff, thanks Tech. Appreciated. So if I'm correct you'll be throwing in a buy order in 1 or 2 cents above the closing high, lol...
Thanks again to you and Jeff...
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