"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Friday, May 11, 2012

Royal Gold not buying Au's weakness

RGLD is trying to break a wedge after sporting bullish divergence and a nice looking MACD formation.  Edit (11:16)  Thank you to the emailers noting Royal Gold was added to the S&P Mid Cap 400.

 













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at 5/11/2012 10:01:00 AM
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1 comment:

  1. RGLD

    http://finance.yahoo.com/news/p-indices-announces-changes-u-220500856.html

    NEW YORK, May 10, 2012 /PRNewswire/ -- S&P Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices:

    S&P MidCap 400 constituent Lam Research Corp. ( LRCX) will replace Novellus Systems, Inc. ( NVLS) in the S&P 500 index and Royal Gold, Inc. ( RGLD) will replace Lam Research in the S&P MidCap 400 index after the close of trading on a date to be announced. Lam Research is acquiring Novellus in a deal expected to be completed soon pending final approvals.

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