The ongoing tension surrounding North Korea had a big impact on market’s volatility last night when the US markets resumed after the holiday on Monday.
The price of gold moved higher.
The gold price chart showing a longer term time frame with some overhead resistance ahead.
The local market is still stuck in a sideways range.
Fund manager Pacific Current moved up to our price target then fell below so we took some profit and sold our smaller holding.
A couple of junior gold stocks have been moving up including Perseus.
A few nickel miners have been on the move including Western Areas.
Lynas Corporation moved above the recent highs and we bought a stake on Friday. With lower priced stocks small movements in price can have a big impact on potential dollar gains and losses, be aware.
Aristocrat Leisure has been creeping up a little of late.
OFX Group has moved up out of recent consolidation.
Pilbara Minerals could soon be making a similar move to Galaxy.
The Commonwealth Bank has been on the slide and looks to be heading for support around seventy dollars.
Disclaimer: The commentary and trading positions taken are for educational purposes only and are not an invitation to trade. Trading is risky and individuals should seek Professional counsel before making any financial decisions. Many thanks to Incredible Charts.com software for most of the charts used in the column.
Monitor, measure, manage and maximise…Cheers Charlie.