Itinerant, sometimes its best to take a step back and look at the longer term chart to see what is going on. The chart fits very well with the developing fundamentals and growing earnings. It occasionally gets ahead of earnings and needs to consolidate.
I felt that was the case at 3.80, but held most.
It pulled back but then retested 3.80 soon afterward where I expected a double top so sold out of all my holdings, hoping to get back in cheaper. I have done that recently as the chart looks much better, I now like what I see with the merger, and financial year 2014 earnings are now less than a year away. I also like what I see with the gold price and with the gold sector.
I was confident of a double top because it occurred at a time when other gold stocks and the price of gold were clearly trending lower. That is no longer the case.
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