How To Get Wiped Out In One Day
Bear markets are famous for violent rallies. The volatility is high and trading volume is really heavy. Huge swing can be expected in either direction. Bear markets see huge downward movement, but are always followed up mind-blowing upward spikes like the one we had today for 889 points. At every downward movement, analysts try to [...]
Gold Stocks Getting Cheaper Again
I used the market panic to picks up gold miner Kinross Gold (KGC) again at 13.88$. With KGC entering oversold levels, it might be a good swing trade. Gold is hovering around 800 level and holds a key resistance level. 1 month chart shows KGC has dropped 21%. I might be bit early to jump [...]
Double Bottom With Stronger RSI Is Time To Buy
Buying gold at 800$ is always a reasonable bet considering it should have been 1000 by now if not for all the manipulation that goes along in the financial markets. Gold has shred off a lot of points in last few weeks. I considered buying gold miner KGC when it dropped 35% last month. Kinross [...]