Loading ...Gold Canary – Ready To FLY!
Look at the chart of my favorite gold canary, Royal Gold(RGLD). It is in a nice tight pattern between the 200 day near 118.35 and the 50 day at 119.85. I expect a breakout as soon as today, but by the end of this week for sure. It should fly once that occurs. My short term target is 140. (This is not investment advice, just my opinion.)
I like RGLD. I seems to lead the PM stocks price-wise. Once it takes out the $150 area for good it will move quickly to it’s next high…it always does. If you had been lucky enough to have bought a pile of shares around the year 2000 you’d be collecting over $1 a share in dividends. You’d not only have millions worth of RGLD but you’d be getting back your original investment every year or two. 20/20 hindsight is great.