Monday, February 17, 2014

interesting chart for Lydian

The bit at the end is interesting:

From late Jan to early Feb, you get that little cusp drawn that finds support at the Bollinger mean and EMA(16), and the volume has been increasing over the past 2 weeks. That's been a breakout on everyone else's chart whenever it happened.

Plusses, LYD has a decent-grade low-capex deposit that needs to be bought if the world still wants to buy gold 5 years from now. And they're a GDXJ component, which means they're being bought indiscriminately.

Minuses, Armenia has been aggressively fucking them over.

Meh... may as well just buy GDX or GDXJ, or even HGU if you're Canadian and like leverage.

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