Wednesday, May 25, 2011

RGLD: Bull flag updated

Yup, RGLD held the support we had been following by weekly chart and did indeed complete the breakout from the bullish flag on a daily.  In the gold sector especially, you buy the fear and if you are a trader, sell the greed.

Separately, they are getting greedy again in silver.  Wonder if it's time for some insurance?  This is a personal decision and while I wrote about it as a no brainer @ 50, I am less sure now so there will be little talk about it going forward.  

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