Gold Oversold

I have been meaning to post that Gold and Gold related stocks reached maximum oversold at the close yesterday. This is a short term trading indicator so it does not say much about the longer term picture. I don't trade gold or gold stocks so I am not certain how they respond to these types of indicators.

1 comment:

Applesaucer said...

Yeah, I bought a little gold this morning. Not a directional call, but it just seemed like enough froth had been worked off that it was a decent time to add.

I'd have added much more, however, at ~$1000-or-lower.