But the short squeezes can be vicious, and they can go on for so long that many get convinced the market is heading up again and jump on at just the wrong moment. So beware the bull traps.
This past week saw the All Ords [XAO] close below 6,000 points, ending the week at 5,959 points. Not unexpected, but the reversal would likely be giving some a shock. The opening day of trading saw prices move...
Last week saw a relatively steady week for the ASX All Ordinaries [XAO]. It opened at 5,488 points, trading up on the Monday only to fall back over the rest of the week with a minor recovery on Friday, closing out the week at 5,492...
With shares in Newcrest Mining Ltd [ASX:NCM] almost touching $39 this past week, long-term investors must be patting themselves on the back. With a strengthening gold price, and a laser-like focus on streamlining operations...
The latest news out of the company is that it has produced its first gold bars from its Gruyere project. Targeting production of up to 100,000 ounces this year, the share price of Gold Road Resources Ltd [ASX:GOR] is up 7.54%, trading at $1.07.