Gold, NCM and LGL
by, 3rd-December-2007 at 06:07 AM (2518 Views)
Gold going through the much needed correction to sustain the healthy uptrend. Is hitting $780 support and I would be happy with it proving up here. Alternatively, breaking through and a double top may be proven and I have a target of $740. Whatever the case, I am still long term very bullish on gold and with the Fed near certain to drop rates again this month, gold should be well supported again. The size of the cut will determine the support. Oil and geopolitics will also obviously influence the price, and we probably need a perfect storm in all three for POG to be pushing through all time highs.
So, while there still maybe some short term weakness, I'm holding onto LGL and NCM and am going to top up a few of each.
(still waiting for them both to be taken over as well )
Aussie Stock Forums Message
Total Trackbacks 0