Post by
tobinator01 on Aug 22, 2024 5:44pm
Gold Down $30 and Aris hits a new 42 month high.
Aris was remarkably strong for day considering Gold was down over $30. Combined volume (TSX +NYSE) was close to 1 million shares. All is needed is some strength in Gold and Aris should surge above $6.50. The reason is shorts will have buy stops just above the share price now and they don't want to get further squeezed by buying coming in from posting multi-year highs.
We'll probably not get that tomorrow as the Fed Chairman speaks but next week looks most promising.