Trading Discipline A Key To Success. Proof >> KGC
I sold my KGC shares at the open since I didnt get the jump I was looking for. Also I didnt want to hold anything over this weekend. KGC opened at $14.25 and I sold my 1000@ KGC at $14.29 bagging 400$ profit in 1 day. Turned out to be a pretty good trade since [...]
Gold Stocks Getting Cheaper Again
I used the market panic to picks up gold miner Kinross Gold (KGC) again at 13.88$. With KGC entering oversold levels, it might be a good swing trade. Gold is hovering around 800 level and holds a key resistance level. 1 month chart shows KGC has dropped 21%. I might be bit early to jump [...]
Gold Enters A Period Of Volatile Consolidation
Bloomberg has latest story about falling gold prices: Gold Tumbles Below $800 Gold slumped for the fourth day as lower crude oil prices and a stronger dollar reduced the appeal of the precious metal as a hedge against inflation and as an alternative asset. Gold is trading currently below 800$ mark ….. Our view is [...]