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TFC Commodity Trading Forum

Re: Trades... take a look/STR
In Response To: Trades... take a look ()

Yes I actually had to leave the house as I am very very tempted to buy ABX at this double bottom. G or GG is also double bottoming. Using ratio charts one of the best performers in the Gold stocks is AUY (YRI.to) It is outperforming most of them. No double bottom there. The May low looks solid in several Gold stocks and I don't think they will breakdown. Historically the Gold stocks rally from July 27th to Sept 25th for the best upside run up. Gold itself historically runs up from July 12th to Oct 9th the best and has been accurate 11 of the last 14 times. But at this typical summer time point where a Gold low is established in July and sometimes even double bottoms or hits a lower low in August, you can also be early and see a big washout if early. Those double bottoms could blow out on a washout and leave you very underwater and would serve as resistance on the way back up again. But ABX does look worth a buy in here at the double bottom all right. I guess that's what you were referring to.