DGC, Detour Gold update

dgc 5 nov 2014

Just a quick refresher. This stock comes from $40. At the $3 level of almost a year ago, it had completed  an a-b-c correction losing almost all of it’s value. The rebound to $15 almost certainly had to be a first wave up. That has now corrected 62% or so. With hindsight we can assume that the $3 level was too low and therefore it is unlikely to hit that level again. In any event a rebound to $10 is a reasonable expectation here. A buy now or above $4.