Shorts bet on 1400 ResistanceI guess I shouldn't underestimate the Shorts. They are betting the downside is bigger than the upside on a lot of Gold stocks today. They could be right, but it's not a bet I would take given the currency war going on this decade.
Increased my position in GAM today. Long term this stock goes up. Short term (next week) this stock goes up.
If she can bust 7.20 the shorts gotta sweat, they are now where I was when they beat her down to 6.70ish. and if she breaks 7.20 they either have to short more or cover. They will be forced to act...are they black bears or Grizz. Black bears are cowards.
Grizz can and will kill you.
We find out on Monday
GLTA