Kirkland Lake Gold Ltd. T.KL

Although exhausting - It looks like Gold has broken out

[cleareye]

Gold was under a descending trendline of high's since January 1.

It is definitely above that line now.

That's my signal to buy a little more than core on KL and other gold and silver stocks.

Wednesday's are often difficult days for the gold and silver sector. If we get past that then I think we may see a very nice rise in the sector. I might add a little more on Thursday dependiing on what I see coming out of Wednesday.

That's just my way of looking at it. Others may have their own devices.

There's so much destruction of the US dollar going on that I might tend towards wild ideas. However, those ideas have never served me well in the past.

Never the less, the destruction is tough to watch.

cleareye.

[oldfx1]

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[cleareye]

Ha Ha, Well, I did say that it is exhausting. I take my little rallies where I can.  I hold a core, build a little on the way up and sell where I think there is a top. A breakout after being under a descending trendline since the beginning of the year suggests to me that a little rally is happening. We'll see if we can get through Wednesday. No, don't ask me for my sell price

[oldfx1]

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[cleareye]

We're not that different. I'll hold for a long time if we get a sustained run. But, I sold down to core a couple of weeks ago just above $44.00 because I could see that gold failed to penetrate the trend line - the same trend line that we have now penetrated. I've been fooled before, but I keep a core and I buy up to resisistance and then make a judgement of hold or sell back to

[oldfx1]

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[cleareye]

Sorry, Just trying to inject some humour into the discussion. The trendline was described in my first post. We'll see if it holds through tomorrow. I believe that tomorrow is key. cleareye.

[oldfx1]

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[SkyeCairns]

since the beginning of the month of March the 50 day moving average (exponential) has been below the 200 MA and INCREASING.  Until the spread starts to DECREASE Gold and Gold stocks aint goin anywhere. Just my 2 cents. :-)