G,day OpTrader. I am like you. I had an order in yesterday but at a low price. I still really wanted to see the report and a bit more upward movement. Ended up paying more today but that's life. It's called insurance. I am still ready with the sell button though if things change for the worse. I am however hoping that LGL will do what LNG did when it put in a very similar pattern about 6 weeks ago and then went straight up. Many of the gold stocks are showing similar patterns to what LGL has lately, as mentioned previously. stocks like NCM, NEM, DOM, AGG and even the gold index XGD. AVO today broke up and out of a somewhat similar pattern, which had become a small triangle on the end, and looks like it is going somewhere. The cheapies are yet to do much although TAM has been going sideways since I was a young fella and must break up soon, surely. RSG has broken trend in the last 2 days. It just seems that gold shares are on the cusp of something big and it is getting my blood warmed up, as you can probably tell. It's been a long wait and hopefully this will be a good run up. The big danger of course is the main market with the US on a tear, when you would have to wonder why, and would it again take down the gold stocks as it did before?? if it tripped and fell over again.
Kind regards
Lockitt
LGL Price at posting:
$2.76 Sentiment: Buy Disclosure: Held
