My charts let me down with couple of my gold miners. bleeding today.
But AGO today has much better value than when everybody was throwing eggs at my face a month ago.
Chart looks damaged, under 50 day moving average (blue line), but 50 DMA still pointing up, and all indicators are in oversold territory, so I expect a bounce, above blue line at least, almost doubled my AGO holdings today. Also, I trust newbegining - he is an experienced Elliott Wave chartist, he was buying today too.
But we depend on IO, because AGO is marginal high cost producer with short mine life. Some says it will drop to 60, then AGO is doomed I hope 100+, then AGO will double soon.
bleeding today.
