DRD - Chartist

[CAB]

Hiya Chartist and thanks for the mail with your thinking on DRD. In line with where I'm at regards the dawg and think its a buy. Two things concern me tho.... 1. The price increases are off low volumes, and 2. this one I'll trade only with my eyes glued to the screen!!

[#2]

The volumes are not spectacular but you need to look at the weekly volume and you will see a more bullish picture (where we pushed up above the 8 period EMA).........yes, as I indicated in the email ...we by no means have a long or even medium term trend reversal so you are trading against the trend so extra caution is required. The forces are (technically) conspiring for a push on gold...watch for platinum to lead and the very short term profit taking in Euro/USD and the Dow to run its course....