Tuesday, August 3, 2010

Positive Divergence in Gold Miners Index

Gold miners index showing a positive divergence in momentum relative to price. In other words, momemtum is tracing out a higher low relative to a lower low in price. This often foreshadows at least a short-term rally.

Gold Miners Index:


TRE tapping against critical resistance for a third time.

Tanzanian Rty Explr Co (TRE):

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