ABX update

abx june 21 2013

We got our 4th wave and should be hitting bottom in the next few days as one last 5th of a 5th is traced out. Just a guess would suggest something in the order of $16.50 or so. Note that both the RSI and MACD are pointing up. The yield, by the way, at 4.70% is unheard of for a gold miner. The stock is down about 70% from its peak. A buy (but maybe just for a good trade, we shall see).