rbs analysis of iau, page-2

Thanks for the post Flambouya

This analysis seems to be nothing more than a technical one so I remain cautious. There is no evidence that IAU will get to $2.90 because some mythical trend channel or momentum. It will go up because we are moving closer to approval status and therefore this target is meaningless. If approval in granted than $2.90 will be a distant memory but it will be the approval that does it not momentum etc.

Don't get me wrong I'm not saying it won't get there but you can argue for other reasons that it is just as likely go to lower albeit less likely at this stage.

I would caution people to stick to there guns on this and hold the stock tightly there is going to be all soughts of tricks and traps to force people to give up their shares.

It's happened already once and is more than likely to happen again.

Cheers
BW