The SBGL (Sibanye Gold Ltd) short trade has hit T1, the final official target at 16.66, for a 15.4% gain in just 1 week. Consider booking full profits or at least lowering stops if holding out for the next potential target (unofficial target) which has been revised to 13.62 with the actual support level at [...]
This video covers the near-term outlook for GLD, SLV, SIL & GDX with a look at the support & resistance levels, price targets & most likely scenario for the gold & silver mining sector going forward. (note: you may have to manually set the playback quality to 720p if watching this video shortly after being [...]
The following notes & chart outline the entry criteria, price target & suggested stop for a trade in SBGL (Sibanye Gold Ltd).