UXG (US Gold) Appears to be a Great Gold Stock, see all three charts at http://stockcharts.com/charts/gallery.html?s=uxg. It's had a huge run obviously though. Near term it's probably a long trade (bought carefully, using cycles, Elliott Wave patterns and gaps, evaluate using candlestick charts). Investors should probably wait for a substantial and possibly even major multi-month correction. NEVER buy based upon excitement/emotion. The best time to buy is almost always when blood is running in the streets.
No comments:
Post a Comment