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
Chart of the Day and Week....
Started by
Cirrus
, Sep 06 2007 10:56 AM
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