Only in one significant trade and thats LGL again when it fell to support. There are some factors that have caused this stock to fall whilst the POG has been consolidating and they were the failure of the Ballarat mine to provide scale with economy and now its sale at a heavy cost. I must be addicted to this stock as I entered again looking for a 10% to 20% profit this time. I have missed a lot of opportunities in the general market because of I guess an obsession with gold and gold stocks, I still believe however that the price of gold will soar and soar immensely.
The general market I think has almost ran its day, its rally to run out of steam as it follows the way of all bear markets. The rule of recovering 50% of the crash is just about to be realised. There seem to be some calling the bear completed, I feel there may be more down to come before we see another bull market. What we just had was a rally in a bear market nothing more. No amount of spin and financial trickery by the Fed is going to stop the next tsunami, in fact the Fed will be the cause.
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