Monday, October 5, 2015

Sandstorm Gold ($SAND) tests Its Downtrend

We added this position to $10 Trigger Alert recently. Nice rally up into resistance.

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(Updated chart)

This could take a while to work through that overhead resistance, but be patient. I think the best is yet to come.

Mind you, gold is down slightly as I write this. If gold is down, why are gold miners up? I think I know why. Do you have a theory?

1 comment:

  1. The Arab monarchy was dumping a pile of stocks recently. And Wall Street Whitey has been dumping gold because blah blah worldwide depression China collapse. So now it'll all go back up.

    I agree the miners are a screaming buy right now, at least to challenge their June collapse. But Nolan Watson has proven himself incapable of due diligence over and over again, so why buy his crappy stock?