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What your short term outlook on gold?

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Not applicable
Guys, any idea where the gold stocks - DRD, ANG, SIM - are headed for in the short term? I was long on DRD at 5.75c with my tight stop loss triggered on Wednesday at 5.50c. As the rate gold is collapsing so quickly, I have no idea where these gold stocks are headed in the next few weeks?? Any ideas?
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3 REPLIES 3
kwagga
Super Contributor
Some more sell pressure on gold price to come. $800 looming. Not a good time to be in gold right now. Positive sentiment from the US about the possible end to the credit crunch not helping. omo
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Electrox
Super Contributor
gold could drop to next support of $800, but.. it has also just touched its 200SMA so wait for direction from here. 5 may will brings an interesting day for learners on the side line.
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Tom168
Frequent Contributor
Sais if it turns tomorrow does this mean that its going up for the next couple of days? Gold has been down 7 successful days!!!
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