TSX:SGR.UN - Post by User
Comment by
Canonballon Jun 22, 2012 4:25pm
226 Views
Post# 20045794
RE: RE: RE: RE: WHAT WENT WRONG
RE: RE: RE: RE: WHAT WENT WRONG bonjovi501...( you meant Monday - not Saturday - right) I stated before the Gold will likely weaken to 1500, or very near there before reversing ...I got stopped out a few days back @ 1.02 so I've been out of the battle of late. The chart pattern I see setting up is a reverse head and shoulders which... when it completes... is very very bullish, and I'll be buying once again.
SGR was cheap even at my average price 1.18 ...so at these prices it maybe the bottom and one should ease back in a little at a time. There seems to be a better balance on the Bids and Asks on level 2.
So if the Central Banksters screw-up things even more... which I am sure they will... give it a month then Gold will be screaming. Week and Month charts are way, way over sold. Day charts still show a bit more weakness ahead.
Everyone have good weekend Cheers