1 reply to this topic

[SilentOne]

Novagold, a stock that Steve Saville has been raving about for most of this year. If you are going to own one mid-tier producer, have a look at it. Also check the 10+ year chart if you can. I swear it is just breaking out of a very LT reverse H&S. My take is a strong breakout puts this in a 3-3 wave somewhere.

http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=ng.to,uu[w,a]waclyyay[df][pb50!d20,2][vc60][iub14!la12,26,9]&r=4688.gif

The second stock is Yamana. This position would be much easier to accumulate here as it prepares to complete a H&S reversal. This is textbook stuff, volume declining from the left shoulder right thru to the present. Follow through will come and the target is a test of the highs.

http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=auy,uu[w,a]daclyyay[dd][pb50!d20,2][vc60][iub14!la12,26,9]&r=1083.gif

I'm very long both positions having good entries from early August. LOL.

cheers,

john

[bobalou]

THANKS are they in xau /hui.I can not see if they make $$.ng ,auy..are on ,amex