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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG
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From: Wade8/9/2006 3:17:23 AM
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Head-And-Shoulder of gold stocks?

gold-eagle.com

"There are a few gold bugs shouting that there is a giant head and shoulders pattern on the XAU and HUI that will end in disaster for people holding on to gold stocks. The problem with this kind of thinking is that even though it looks like a possible head and shoulders, for the pattern to be complete, the XAU would have to make a close below 120.

If the XAU closes above its upper resistance trendline then the possible formation will be negated. In fact, if the XAU were to rally back up to its 52-week high you would actually have a bullish reverse head and shoulders pattern formed - and those lead to incredible bull runs."

I actually see a double bottom with a cup-and-handle.
...like blind person trying to figure out an elephant. lol
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