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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: dalroi who wrote (17424)4/18/2010 10:47:55 AM
From: gold$10k1 Recommendation  Read Replies (2) | Respond to of 48092
 
Assuming it is no different than 6 months ago, see how well gold did during the month of November when gold had similarly just completed a retrace to the breakout point of a reverse head and shoulders pattern. Notice the minimum target on the 18 month reverse H&S.

stockcharts.com

Also, scroll down to a seasonal chart for the first 7 years of this gold bull market to see how well gold typically does in May.

safehaven.com

Since 6 months ago there have been revelations of manipulation and fraud in the gold market which could add fuel to the fire.