"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Monday, August 29, 2011

AUQ tecnicals

Well, first things first... the technicals on AuRico Gold show an inverted H&S-like bottoming pattern.  A break of the neckline targets 23+.  I hope the fundamentals of the business combination on this thing look as good as they sound, because that's a hell of a target.  Otto?  Calling Otto...

Edit (10:05) Oops, he already weighed in.  Evidently, this market watcher thinks it's the same old Gammon.  He has watched  AuRico all along I believe.  And I agree, AuRico really is a stupid name.  Maybe it is time to harvest the profits and further evaluate later.














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