Redback's Australian Stock Market Report
A daily report on the Australian Stock market and selected Australian stocks.
Wednesday, October 20, 2010
Gold ETF as at 20/10/2010
The Gold ETF remains in a non-trading pattern. It is currently positive - but only just - typical of a non-trending stock.
Clearly, a negative result for the XAO would be positive for the GOLD ETF. and vicky verco.
We continue to wait on a definitive move in direction on these two key indicators - XAO and Gold.
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