On Thursday night's Mad Money program Jim Cramer recommended Randgold Resources Ltd. (GOLD) . The price of GOLD has improved since early September as gold bullion prices have rallied and some investors may have rotated into gold and mining companies. Let's check out a few charts to see if the train has left the station or if there is more room to rally.
In this weekly bar chart of GOLD, below, we can see that prices have closed above the flat 40-week moving average line. The weekly OBV line has improved the past three months or so and I a good sign that the current price strength could continue.
The weekly MACD oscillator is above the zero line in an outright buy signal.