Kinross (K) is now back in bullish territory with the recent 10/200 EMA Cross over.
For Long Term Trend followers, this is great news.
And for some may prompt a buy signal.
For more aggressive traders, they may have entered down at the 20 EMA Zone,
I did and got kicked out on volatility a few weeks later. I will take the 16% or so.
I never got another entry...
Kinross has worked hard to restore its balance sheet after the disastrous 2010 purchase of Red Back Mining.
Kinross paid US$7 billion for Red Back shortly before gold topped out above US$1,900 per ounce. The subsequent crash in gold prices and disappointing production from core assets meant Kinross had to write down...