BLOOBERRY
Short

SHORT $HMY. Taps resistance of 3-month pump.

NYSE:HMY   HARMONY GOLD MINING COMPANY LTD
It looks like a 3-month pump. The past history shows retraces 60% to 80% based on previous month's of price action. At the moment, it has tapped the Strong Resistance of $4.25 and surpassed Minor Resistance before that, at around $3.60. $3.60 has now become the new support, which must be breached in order for us to follow through and Sell Short at around $3.40 B/E. If the Fed raises interest rates in April             and strengthens the dollar, Gold             will be affected inversely. I am looking to capitalize on this dump if there are shares to borrow. BTC             @ $2.00, $HMY float is 372M. The price will probably consolidate around this area after the Bulls and the Bears battle it out.
Well written, good report !
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