IMG, IamGold update

IMG may 5 2012img dec 2012

Then (May 5) and now charts. We went a little further than the $9.60 suggested, bottoming at $9.31 after completing the symmetric a-b-c. Since then an a-b- has taken the stock back up to levels close to the mid point of that drop. The big question now is are we going to get a second a-b-c down or is the present correction only partially complete? We simple do not have the answer so will wait for things to clear up. This could become an indicator for gold stocks in general. See also previous comments.