Jump to content



Photo

Chart of the Day and Week....


  • Please log in to reply
No replies to this topic

#1 Cirrus

Cirrus

    Member

  • TT Patron+
  • 5,735 posts

Posted 06 September 2007 - 10:56 AM

I've been saying ABX is a great tell for a while. I think gold and the gold stocks are forecasting another wave of liquidity--unless it's a fakeout it should wind up being a bullish indication for stocks.

The weekly and monthly charts are beautiful. It's a very undervalued gold blue chip. It is breaking out to ATHs today and the weekly volume has been strong. I am long ABX and AUY Jan 2010 calls and some other PM stocks. I think ABX is going to 50 pretty quickly....

http://stockcharts.c...49037&r=552.png