Gold
posted on
Aug 11, 2011 10:06PM
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
A tool I use to sell gold stocks is flashing a sell signal on Gold the past few days. I don't own many Gold stocks at this time (switched to CEF.A some time ago). Usually takes a few months after to regain the last high.
Gold is still in an uptrend based on all that I see. The price depends upon the devaluation of the measuring stick. Not sure how this will affect TDC shares.
Human nature and greed is the explanation. A certain percentage above the 200ma seems to be the magical number. It can go higher but the fall will be magnified.
Since the PM mining stocks have not kept up with the bullion prices, I get a disturbing feeling that there is a shift in ownership to those in control.
Too much enthusiasm on this forum. Makes me wonder. I am patiently waiting out the FS (only play money) and have accepted the fact that a share dilution is quite possible after the SRP is removed. TDC will likely still be undervalued when that occurs. If TDC is aquired at a low cost then switch your focus to the new entity to gain the value. It shouldn't be long before we know what the direction will be.