Western Goldfields (WGW)

[Frankdetroit]

HI Gateway- My opinion on investing in wgdf at this price level is based entirely on technical analysis and not at all on fundamental considerations.

That said I base wgdf a buy. I use the DMI on a daily and weekly basis along with Momentum indicators with stochastic indicators on daily and weekly basis to help time purchases and sells.

I am still waiting to hear from investor relations on what the impact of the merger will be for new investors versus investors that were holding shares before the merger announcement (in relation to the 2 for 1 deal which is 2 shares of Romarco(tsx) for every 1 share of WGDF)