Zion Oil & Gas, Inc (ZN) continued its upward momentum as I mentioned in my previous post. ZN put up increasing volume yesterday and followed it today with similar volume. This clearly is bad news for shorts. Keep watching and don’t short it yet. Let the selling begin before taking a plunge on the short side.
Tanzanian Royalty Exploration (TRE) cracked -5% as gold sold off after hitting $1000.00. I believe this is actually opportunity for bullish traders to buy on dips. Fundamentally gold is the right investment to be in. Every now and then you will get a sell off like i posted yesterday.
You can view all my stock picks…HERE