Post by
play_n_lay on Aug 25, 2011 11:32am
volume
gotta disagree with you longhaul. the volume is building on this stock. some big cross trades. the upday we had was on 4 times daiky volume. people are accumulating at these levels. once gold finds a bottom and starts to rebound we shoukd see all gold stocks start to move up with it this time. 1800+ gold is here to stay. barclays raised their forecast to 1800 this year and 2000 next year citing the economic climate/debt uncertainty.
also trying to buy today and some interesting computer traiding going on. putting in a decent size buy order and they add large sell orders at higher levels trying to make it look like selling pressure. the sell orders get pulled in a hurry when buying happends. this is an accumulation technique. theyd do the opposite if they where trying to unload
glta