JustCharts

K not so OK in the short term?

TSX:K   KINROSS GOLD CORP
45 min chart shows double top at $6.99. Given the wider markets, I'd bet a gram of gold this will retest the low $4s. Miners are at the beginning of the gold process. At this point $1500 gold looks better. Problem with miners is governments go for the gold first on the calamity so miners is not the safest place to have cash parked at this point. Good trade possibly but indexes and oil might be a better sector to trade short term?

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