Gold and Silver stocks continue to surge

by Gary Glover

We spoke about Gold and Silver in the last two stockwatch reports.  In particular we looked at such stocks like NCM, TRY and TGZ.
Volume has been particulary interesting for these stocks as average volume was high, showing some strong accumulation was potentially occuring at the recent low's.

The physical commodities Gold and Silver are looking quite bullish at the moment and a first higher low pattern and strong volume suggests this rally could have some descent follow through to the upside.


Gary Glover is an Authorised Representative (Rep No. 259215) of Novus Capital Limited ("Novus"). Novus is a holder of Australian Financial Services Licence No 238 168. Novus, its directors, officers, associates and employees each declare that they, from time to time, may hold interests in financial products and/or earn brokerage, commission, fees or other benefits from financial products mentioned in this e-mail or attached documents. Unless specifically stated within this page or an attached document, any information communicated by this e-mail constitutes unsolicited general financial product advice which has been compiled without regard to any investor's individual objectives, financial situation or needs. It is not specific advice for any particular investor. Before making any decision about the information provided, you need to consider the appropriateness of this information having regard to your individual objectives, financial situation and needs and consult your adviser. Any indicative information and assumptions used here are summarised and also may change without notice to you, particularly if based on past performance or relate to a future matter.

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