TSX:LSG.DB - Post by User
Post by
BradsMyNameon Sep 05, 2013 6:05pm
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Post# 21721383
Technicaly Speaking
Technicaly SpeakingLake Shore Gold ....... 20 DMA ..... 0.49 ...... Close 0.50
50 DMA ..... 0.40
Gold ..... 20 DMA .....$1,372.00 ...... Close ..... $1,371.00
50 DMA .....$1,318.00 ......
The price of gold is pretty much on its 20 day moving average.
Lake Shore Gold is also sitting just above it's 20 day moving average.
If this support does not hold then the 50 DMA becomes strong support.
My feeling is that the 50 DMA will hold up both The Gold price and also LSG if it even gets there. Hopefully the 20 DMA holds for both.