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Strategies & Market Trends : Technical Analysis With Charts

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To: sammy™ -_- who wrote (3428)11/20/2006 4:13:40 PM
From: Davy Crockett  Read Replies (1) of 6865
 
I have some problems with your chart.

1st: Franco Nevada (fwiw, a pure GOLD royalty stream) merged with Newmont a few years ago (that in itself makes your chart irrelevant),

2nd. The combination of Franco & Newmont created the worlds largest GOLD miner.

3rd. The combination of the two, have created political risk, which is shown in the charts (Russia etc & other 3rd world contries.

4th. GOLD IMHO will not get going, unless Newmont joins in the fun.

5th. Newmont & by extension GOLD looks pretty sick here, before GOLD can resume its rocket phase. (not just Newmont, take a look at GG, ABX, etc, ...Newmont needs to jump and clear a few hurdles here
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