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VAU - Vault Minerals

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Was annoyed that I had no way of being able to put a big short on it yesterday.
Gold is going to visit Alaska for a while.
 
favouring RED over the other goldies atm. Buying strong ones like RED and selling weaklings like OGC IAU PRU IGR SBM

Index event friday so be careful about holding longs/shorts into that
 
Any insight from our techies on RED?

I'd like to get in again for a quick few dollars; but I'm no good at reading tea leaves.
 
That bit didn't hold, back to around the May 2009 levels now and very quiet around the RED campfire

(click to expand)
 

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Nothing to fan the flames from beatle. Was he a plant. Hmmmm I wonder. Took off like he had buckshot in his ar$e
 
Could be a falling wedge evolving but still has downside before completing.

Positives are:

1. volume subsiding on latest push down.

2. Bullish divergence on daily chart.

All in all not looking at a significant low quite yet. A bounce is on the cards though.
 

The bullish divergence has now unwound with the potential for bearish divergence to trigger over the next day or two.

Positive close on Friday but volume was exceptionally high which is a warning sign. Large volume would have been ok but not that high. I'd be looking for a surge higher Monday with clear rejection resulting in a low close. If so then weakness will likely return.
 

I agree but if we don't see clear rejection
Or a consolidation over a few bars this could
Double in price.
 
tech/a said:
I agree but if we don't see clear rejection
Or a consolidation over a few bars this could
Double in price.
Click to expand...

Yep, if there is follow through demand then all bets are off in respect to another leg lower to complete the falling wedge. In fact the falling wedge has just about been invalidated after Friday's bounce. Next couple of days action should be enough to determine direction over next few weeks.
 
A much talked about stock initiated by the rampers has gone deadly silent. They obviously got burnt on this stock. When sentiment is at it's lowest though it's often the time to take an interest. Sentiment in Gold & RED very low...could go lower.

The falling wedge could be near a terminal point. Volume falling lately signifies selling pressure subsiding.

There are also 3 time cycles commencing in early June that need to be watched so probably still some downside, but watching.
 

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jancha said:
You two should get a room. Most of the gold stocks are looking the same on the charts.
Click to expand...

ENVY

Not a good look



Meanwhile Boggo Looks on as "The Duck" scores another Bulls-eye.


 
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