Originally Posted by
ob1kinobi
There's been some pretty decent gains on very strong volume on a few Aussie Gold miners today.
Check out the price action of BDR and GRY.
MacD in your view, do large daily gains of this nature lead you to the assumption that +ve news is forthcoming?
Couldn't it also just be that theses goldies are significantly oversold and that a large player has decided to take a large bite?
Interesting that all three were in a 'frenzy' though, crazy to watch.
Was tempted but wasn't going to go chasing after stocks in this market.