
GOLD- Continuous Contract Index is highly correlated with Mining Industry. Since, The Dow,S&P 500, and Nasdaq shown a mix technical analysis its much more conservative to wait for corrective MACD and RSI . So therefore, its prudent for me to gaze GOLD as our benchmark index since this is not highly correlate with the Major Indexes (DOW,S&P500 and Nasdaq).
I would give my rating to BUY Mining Industry like ( PX - PHILEX MINING CORPORATION or NI - NIHAO MINERAL RESOURCES )
Washington Time
No comments:
Post a Comment