DRD gold broke out today on the tiny little pop in the gold price this AM. DRD is very oversold. Wait for a pullback of a few percent if you want and then begin buying. It could pull all the way back to the red line so be careful about going "all in". Don't chase. But this is a breakout and the odds are high that continued short covering will drive the shares higher. This could either be a 5th down or a 3rd. If its a 3rd then the bounce will likely be to the 38.2% fib which is $3.93 or perhaps the 50% fib at $4.40.
You may also want to try JNUG here. It was up "only" $7.81 % today. As mentioned in previous recent posts, gold and silver are quite oversold here while the dollar chart is quite stretched. The dollar will have to reverse for a breather soon and that will open the door to metals speculation again.
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