Don't listen to little Johnny. Now if this break 367 for 3 consecutive days then on the DAILY chart the next support is about 351. ALSO you have to have confirmation by having the sp close below any support in consecutive days on any support before it's really broken!
On the weekly 10 year chart 800.00 really is a good support. 1000.00 first but 1000.00 really doesn't have much of a support. 800.00 has a better support. Fact of the matter is that nothing is holding gold up right now. Rising interest rates kill gold..that and the strengthening of the US dollar..both of which are headed up, which means gold is headed down.
You might as well mortgage your home and put it all in to this game because even with news of countries defaulting in our area and others, with Russia acting the fool, with the Fed raising rates, with the PE overvalued in the markets, with the market being margined now more than the housing market at it's collapse.....all is just peachy out there! Man...what a scam...."free markets" died sometime ago. What a joke. Becareful out there...it's a fools game!
You've got to love these boards...someone who voluntarily takes on the name "dumber" tells someone else to shut up! ROTFL...ya!
according to interview with official from Greece on CNBC. Also, banks don't have the funds to open because of a run...get it..they don't have the funds...they're broke!
What do you know...and just the start. You can blame rebalancing if you want to....but this is NOT recovering before the RS. Which means it's only going to a lower price...under five and which is your key number.
You guys are so funny. Look up the facts....over 90% of all RS company's stocks go lower after the RS is accomplished. Why? Because the RS would not be needed if the companies stock was worth anything. Most of you hear have NOT invested in this stock because of the companies fundelmentals but because it was a penny stock and you were hoping for a good percentage gain. Now you're stuck.
The Company intends to request stockholder approval of a reverse stock split at the Company's annual meeting of stockholders, to be held on August 27, 2015.
That's what I see for a company that is in this mess. Wait till the PEG gets under 1.00.
They have to write off so much inventory in the next Q..plus their business is down about 15% this Q. You take those two things plus all the coming litigation..and this company will be lucky to make it . Huge up day in the market coupled with todays candle on this stock and you can kiss tomorrow good-by. Close in the 25's tomorrow...if the longs are lucky!