Friday, August 12, 2011

How about the mining shares?













The DJI can't make up its mind whether it is still in a Bear Market or out of it and gold is consolidating of wiping out the shorts and finally passing above the 1,764 point. Now what? we might ask. And what about the gold and silver miners? So, I brought up a few on BARCHART and I was rather astonished by the similarity of patterns: a building REVERSE HEAD AND SHOULDER.


The first three graphs are Fortuna, GPL and Impact silver (silver miners), followed by NAK and THM (gold miners). The patterns suggest that a breakout is coming in about two weeks.


















No comments:

Post a Comment