something exceptional, page-6

I am expecting new highs again next week...

We are seeing a sustained, accumulation based, push-pull move on the stock...I still see MNE as the bargain gold stock of choice.

Strange for a copper stock I know...but as I have stated previously, if they keep getting results as they have been, I suspect in time they will shift their focus to gold.

Short-term I see mid 20's before the upper envelope tested...but stocks on a re-rate usually like to (need to) push significantly through these trading envelopes if they are to turn the upper bollingers up and pave the way for a continuation of the developing trend.

In this case, that trend is up, so at some point the upper envelope has to be run through...usually best to get this out of the way in one big hit, which would see MNE push through 30c prior to yet another period of stabilisation.

It goes without saying though...whilst the above "patterns" may transpire in a perfect world, nothing is certain. Bad news can halt the run and push MNE back to the low teens and significantly good news can see the stock run stright through perceived price ceilings, never to return.

Lets hope for the latter.

Regardlss...with the DOW up, copper up, gold up...and news closer than it was last week...I am expecting a good week for MNE.

Cheers!