New Gold Inc. needs gold to move higher
The retreat to $9.00 has been a very sobering reality check for investors.
May 2, 2012 | Posted in Precious Metals | Read Article »
The retreat to $9.00 has been a very sobering reality check for investors.
I think this is a case of go with the dividend and the growth.
I would strongly suggest that you consider preserving your capital.
The worst case is that PD has to retest support at $8.00 the best case at this moment is a bounce off these levels to resistance along the 50-day moving average at $10.75.
Trade this one for income.
At this point you need to consider capital preservation.
The sector story for natural gas is not providing support and the technical picture is no oil painting.