Wednesday, May 18, 2011

Daily View of Royal Gold

We have tracked the weekly chart and thus far seen RGLD through a test of the breakout support level.

The daily shows a classic bullish flag breaking to the upside today.  Now I know the program calls for bearish in the gold sector, because sentiment is in the dumper.  And no, I am not overly bullish myself in the near term beyond a rebound.  But still, the RGLD bellweather situation makes one think about keeping an open mind .

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