.

It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
.


The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj


Tuesday, 13 April 2010

Randgold


Am generally cautious on the mining stocks but gold chart looks good and Randgold has broken resistance at the 3rd attempt.Macd has given buy signal,mvg ave alignment very bullish.There was a bearish engulf on the daily chart yesterday so it might be sensible to wait for a positive signal on the daily,else have a close stop (below the breakout level)
Pairs trade buy RRS sell BLT ?

added Wednesday : price action was negative again yesterday following the bearish engulf,adding a degree of caution to the bullish view.Wait for daily chart to redeem itself as there may be a false break pattern

No comments:

Post a comment