Friday, June 25, 2010

UXG (US Gold) Appears to be a Great Gold Stock


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.

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