"AAU has broken out with a flourish today. I understand that it was written about favorably by Brent Cook last weekend, but that does not explain why the jump waited until today.
I would like to add shares if it settles back in the 4.10 to 4.20 range per the support zone noted on the chart. This is due to the 'look' of the pattern, the breakout from the trend line and MACD about to go green.
AAU is a long time favorite of mine, again going back to well before NFTRH was a twinkle in my eye. It was written up previously in a dusty old NFTRH edition, the number of which I do not know. Do your own DD. I do not advise on stocks.
What I will do however, is let you know I am adding if it pulls back a bit here. Again, in the effort to refine the quality of the 'core'.
Regards, Gary"
As the correction bit hard earlier this week, AAU offered up the buying opportunity right in the 4.10 to 4.20 range and subsequently rebounded. But charts don't work they say...
Chasing gold stocks is usually not a good idea.
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