Saturday, January 28, 2012

DailyMarkets.com - Bought LSG @ $1.47

DailyMarkets.com - Bought LSG @ $1.47

Bought LSG @ $1.47

Posted: 28 Jan 2012 08:32 AM PST

I bought shares in another Canadian gold miner yesterday. This one is Lake Shore Gold Corp (LSG) which trades on the AMEX exchange. My purchase price was $1.47.

This first chart is a weekly of LSG and uses the slower ‘trending’ setting of the True Strength Index (TSI) indicator set at (25,13). The TSI rendered three BUY signals which I regard as strong confirmation this stock has turned the corner on its downward momentum and should see better days ahead soon.

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