RE: Today''''s Mkt action and Gold Price... agree totally. The action today in gold reeks of manipulation. The fall will likely be chalked up to sell the news (75 basis point FED cut).
But it is gaining strength overnight ... gold's true colour continues to shine.
Good luck to all T.ELD longs. Today's trading action was extremely positive in my humble opinion. Rest of gold's were down but Eldorado close basically unchanged. If gold shares catch a bid tomorrow, T.ELD should outperform.
Just my humble opinion. Technicals are holding up nicely. We need to take a good run at the $7.55 area with an increase in volume to push through resistance once and for all.
Noticed there was some actitivity in the $8.00 and $9.00 calls today for April and May. Could this be a sign of good things to come?
Do your own due diligence first.
rise1