Tuesday, October 04, 2005 12:44:45 PM
Rand price of platinum/gold
http://www.miningmx.com/mining_fin/496285.htm
The rand/platinum price is still looking very bullish. It's recently broken out of a medium-term falling channel (lines 3 and 4). The bigger picture has it pointing to a far higher target, based on a large falling wedge (lines 1 and 2) breakout in May.
The MACD oscillator (on top) has plenty of upside potential and it's only crossing its zero line now (a bullish sign, confirming the price chart itself).
Continue buying SA platinum stocks on pullbacks, focusing mainly on Impala and Amplats (but Northam is also looking exceptionally good).
The upside target for the rand/platinum price is 6 910 ie, the height of the large falling wedge projected up. (The price at the time of writing is 5 920.) Place your stop-loss as a close below line 4 for traders (5 800) and below 5 600 for investors.
http://www.miningmx.com/mining_fin/496285.htm
The rand/platinum price is still looking very bullish. It's recently broken out of a medium-term falling channel (lines 3 and 4). The bigger picture has it pointing to a far higher target, based on a large falling wedge (lines 1 and 2) breakout in May.
The MACD oscillator (on top) has plenty of upside potential and it's only crossing its zero line now (a bullish sign, confirming the price chart itself).
Continue buying SA platinum stocks on pullbacks, focusing mainly on Impala and Amplats (but Northam is also looking exceptionally good).
The upside target for the rand/platinum price is 6 910 ie, the height of the large falling wedge projected up. (The price at the time of writing is 5 920.) Place your stop-loss as a close below line 4 for traders (5 800) and below 5 600 for investors.
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