Taken from the 3rd week in November to now. During this time SGX, NEM and LGL have formed a trend channel. One day close below the support line on LGL but i don't see it as any concern: LGL 88% NEM 88% SGX 78% NCM 66% NEM is the furthest from the support line. LGL and SGX 5% to 6% away from it but it will probably be a different story tomorrow. The support line for LGL is on $2.80. Friday's close was $2.92. i don't hold this stock but if it can come back to this line and bounce up from it I'll probably buy some near the close. One needs a bit of bad news to 'buy in gloom.' The long term fundamentals are in place as are the charts. The Feb Futures show a bullish descending, broadening wedge from last June with 8 touches and the penetration of it on Friday. The XGO (gold index) is also in a bullish up-sloping trend channel since early November. 5 touches. Close to the support line now.
LGL Price at posting:
$2.92 Sentiment: Buy Disclosure: Not Held
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