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Charts, Stock Picks, and Technical Analysis from an Online Stock Trading Veteran

April 16, 2007


Gold Stocks Do or Die

Filed under: Stock Sector — Online Stock Trading @ 9:23 am

Gold stocks are again testing an area that’s held them down for the past year. Don’t worry if you’re late to this party. With consolidation of close to a year, there will be plenty of opportunity to hop on a few gold stocks in the sector. The XAU is near a weekly closing high here for the year.

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I’d ideally look for stronger plays in the sector. KGC broke out Friday, and is one to watch.

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AUY has been a beast in the sector. Now out of single digits, it should have some institutional money thrown at it.

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Buying begets more buying in GOLD.

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