Post by
tobinator01 on Oct 28, 2022 6:11pm
Solid Week
For several weeks, Aris under performed its peers with a constant selling pressure presence. The HUI was up 1.5% for the week. Aris was up 4x higher at 6.2% on the week.
The chart shows that someone was sitting on the bid in the $2.90 area all last week. This week there was an abatement of sell side pressure and a consistent firm bid this week. Minor resistance at $3.20 and $3.29. Stout resistance exists at the 100 dma at $3.45. I wish I could post the chart like Investor Village allows me to do.
We should see much more press releases for the nex two months. If the US dollar should soften and create a Bullish enviroment for Gold, Aris should do well to close out 2022.