RE: 200 DMAThat's right.
Resistance at $11 though. But who knows if it will continue past it this time.
My feeling is base metals will still bring down the Gold stocks for maybe one more kick at dirt low cheap prices.
I really don't want to miss the huge gold spikes around the corner, so I'm 70% invested in Golds right now.
Who cares if you bought IMG at $10.00 or $11, when its going to double or triple 2-3 years from now.
Sold all my oils last month. Noticed the wave out. Are investors that stupid? Heating season, and market sells off. Weird.
IMHO, Gold is and will be the place to be this year, for double-digit returns (again). It's just taking the US$ a little longer to implode then I expected.
Remember, don't ask questions if there is another Gold sell-off. Just buy IMG if it drops below $10 again. Look at the 5-year graph, and draw a line on the low cups. You can then see the range 2 years out.