Monday, January 5, 2009

Chart of the day is......

....gold, the live spot chart.

It was looking pretty inevitable, so let's just get this drop out the way. USD at 83 has bounced right back and is the root cause of the drop in gold. It's like a waltz.....

Anyhow, here comes the buying opportunity in Troy, I hope...just a tad more patience needed. Here's the overnight chart for the Aussie listing of TRY.

As the current forex is CAD1 = AUS1.16, this puts my entry target for TRY.to at C$0.95 or so. The guy who mailed me last week to say he was a happy buyer at a buck but couldn't get filled should have less problem today.