the shot is away, page-43

Hi Jonahsworm,

Good question, for the inverse head and shoulders pattern to be confirmed the gold price needs to take out the neckline (around about the 1800 mark). So if you were going buy on the technicals you would not buy until it has broken above this level.

If it were to complete this pattern it should run to about $2050. The head to neckline is about $250 (1800-1550). The number is then added to the neckline, which is $1800, that gives us $2050.

If the price dropped below the head, that's obviously pretty bearish and I would expect another decent sized leg down.

I am not a technical trader, I buy on fundamentals, so I am happy to buy at the levels because I think gold, silver and Focus are very cheap.

As for FML it looks like it's finished its decline from about 10 cents to 5 cents, has found support and is basing now, getting ready for a run up.