The gold market appears to have found its bottom and rallied back above 1800USD.
This correction is over IMO. The senior producers have sold off and the juniors are quiet again. Its time to add to positions or establish longs in advance of widespread commodity re-pricing to higher levels. Gold will not be left behind this time.
Austral gold is still hanging in...
Company's fundamentals have improved see latest quarterly report. over 8000 ounces inventory and gold is moving up. Management is using cash flow to drill and buy strategic properties near existing assets. looks like a long term cup and ahndle to me. handle well above the neckline, bullish IMO. RSI has shed below oversold from are cent high...
EXPECTING JUNIOR GOLD AND SILVER MINERS TO CONTINUE RETRACEMENT. I WILL REMAIN SHOR HERE. LOOKING FOR A NEAR TERM CONVERGENCE OF TREND LINES AND FIB RETRACEMENT LEVELS.
"PATIENCE COMES TO THOSE WHO WAIT"
-THE HAND OF GOLD