Stock in KGC?

Question

I have stock in KINROSS GOLD CP and i was wondering if you think it will continue going up in the next month or if i should sell now

Answer 1

It's been going sideways for a while and looks to have decent support at 11.50.

Right now it's right at the moving average.

$XAU (the gold/silver index) seems to be holding as well.

Given the actions, it could be somewhat sideways for a bit with the possiblity for it to go to 13. But it'll have to break 12.50 first.

Good luck!

Answer 2

I own shares in the Silver ETF (SLV) because I am concerned that the dollar might weaken, particularly after China said this week that they would diversify their currency holdings away from the dolloar. China holds something like $800 billion. This will surely be a negative for the US dollar. With that in mind, I would hold onto KGC and any other gold or silver investment. I have heard alot about Silver Wheaton lately, but I don't own it.

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http://www.top10traders.com/Top10Standings.aspx

Good luck!