LIBERTY GOLD CORP - TSX: $LGD.TO OTC: $LGDTF Buy On Pullbacks
Over the course of the past several weeks, market participants were witness to a major multi-year break-out in Gold, the physical metal, and as a result, numerous precious metal mining stocks have found the wind at their backs and have followed-through with exceptional upside action with LIBERTY GOLD CORP - TSX:LGD OTC:LGDTF one such example as evidenced in the Daily chart above.
With the stock recapturing its 200 DMA and now trading above all of its important moving averages 20/50/200 DMA's, LGD finds itself in a healthy technical posture.
In addition, when one extends out on the time-frames to both the Weekly and Monthly durations, we can see that things are certainly taking a favorable shape with LGD.
Thus, while we suspect that Gold, the physical metal, may be in need of some consolidation in order to digest its recent run, we continue to focus on those precious metals miners whom exhibit favorable characteristics and seek to do additional buying on weakness/pullbacks.
Therefore, both investors/traders may want to continue to monitor the action closely in the days/weeks ahead for potential opportunities and put LGD front-and-center on their radars.
With the stock recapturing its 200 DMA and now trading above all of its important moving averages 20/50/200 DMA's, LGD finds itself in a healthy technical posture.
In addition, when one extends out on the time-frames to both the Weekly and Monthly durations, we can see that things are certainly taking a favorable shape with LGD.
Thus, while we suspect that Gold, the physical metal, may be in need of some consolidation in order to digest its recent run, we continue to focus on those precious metals miners whom exhibit favorable characteristics and seek to do additional buying on weakness/pullbacks.
Therefore, both investors/traders may want to continue to monitor the action closely in the days/weeks ahead for potential opportunities and put LGD front-and-center on their radars.
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We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/
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