Tuesday, August 10, 2010

SOLD Randgold Resources (GOLD) - $87.50

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This is Randgold Resources Ltd (GOLD).
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Both the TSI and MFI were getting higher on the chart than I was comfortable holding.  I tend to think gold's emotional outburst from this afternoon's FED speech, taking gold higher for the moment, is going to unravel should gold make it higher than $1210.  
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With this concern, I was equally motivated to reduce my exposure to mining stocks in light of a possible reversal of gold in the next couple days.
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My TSI trading record has been updated.
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Click on the chart to ENLARGE

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