Some gold stocks have been disappointing the last few weeks, I was actually expecting to see LGL around $3.30 at least. The POG seems to be consolidating again and US$990 appears to be holding, a confirmed step up from the previous consolidation around US$940 however the heavy weights LGL and NCM I thought should be doing better but if you bought at the lows last October on these two you would still be nicely in front.
So if we assume that gold and gold stocks will run again we will see some nice profits develop over our summertime.
It would appear that just patience is required.
Entries made now into ROL and DOM, I am prepared to hold on these into early 2010 unless gold totally collapses but I can't see that.
ROL I see as a stock that could go over a dollar the opportunity in this stock is immense. I think that some of the larger companies around will be looking at ROL to add to their portfolios of mines.
DOM has had a shocker of late but I think the bottom is in now and its a safer opportunity then some others around its one of those stocks that could accelerate quickly back to previous highs.
The previous chart on gold I posted I believe to be still valid at this stage so I don't see a need to update.
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