Here Are Three Nuggets For You
Gold stocks are continuing to perform well. At
the moment, many of the individual issues have formed fresh 52-Week Highs. For daytraders, above-average volume, as well as daily range with intraday setup
patterns, make this a very attractive sector to focus one’s attention on.
Anticipate continuation of trade out of high-level consolidations, but also be
prepared, should it occur today, for any reversal entries that may setup. With the
volume (liquidity) and patterns that are being established, we should stay
prepared to profit from either scenario.
A couple of the gold stocks that we’ve
been watching are Royal Gold
(
RGLD |
Quote |
Chart |
News |
PowerRating), Newmont Mining
(
NEM |
Quote |
Chart |
News |
PowerRating)
and Anglogold
(
AU |
Quote |
Chart |
News |
PowerRating).
