Monday, 11 February 2008

Is RGLD about to Blow?

After doing very little since 2006 is Royal Gold (RGLD) about to make a big move? What's the rationale? The fast stochastics and Williams R are on the ground and are ready to move after turning up. Had I acted on the reverse of these indicators when RGLD was $34-35 I could have sold part of my position and bought it back. I've resisted the temptation to trade for some time. Still, who would want to miss the move in the next leg up for gold and silver stocks? That leg up should begin in earnest any time over the next few days and weeks.

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About Me

I teach Film, Media and English Lit.