We've done so again , we've been long from $896 ,
I would still recommend you buy shares such as . Titan , Gitanjali , AGEE gold , and a couple of more gold stocks that you can get your hands on .
Looking at the Bullish Gold Miners Index there is going to be another jump in the Gold Stocks would have to follow .
the Dow Gold Miners Index also seems to have a bull confirmed on the first week of may.
Technically Earlier the HUI Golds Bugs Index confirmed a bull in the gold prices which is why we see it at $930 and $937 USD ahead , Following Resistance . Prices of Gold will remain volatile and we could also see a slight consolidation phase ( a slight correction ) before another Spike upwards.. Commodity traders are going to find it difficult to trade the current gold prices due to sudden moves following the data listed in the economic calender.
the EUR/USD is now directly correlated to the Gold prices , We see resistance in the EUR/USD at around 1.41 , which is still a good bullish support for the Gold prices. due to weakening in the US Dollar.
----------- Gold Stocks are going to soar!! ----------------
Looking at the Technical Charts , These Gold stocks are just about to cross their 150 , and 200 day moving averages , these gold stocks are not actually according to the current prices of Gold which is at $930 .
I believe these stocks can get you good returns in a short time span, Probably within this Month.
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