Hamilton's E-Wave Analysis

ABX, update last time.

abx apr 17 2013 l

Given the opening gap Monday we hope you did not buy it yet. This looks like an exhaustion gap for this stock and with the stuff down more than $100 over the weekend buying there would not have made much sense. In any event here we are at about $19+, close to our long-term target of $17. It is funny how you can wait for months or even years for something to happen and then when it does, it does it at such a breakneck speed that it catches you by surprise.  Gold bugs are all of a sudden extinct and the bleak news is coming from all sides. This stock was downgraded by more than a handful of analysts that were all cheerleading it up just the day before. It now earns a bank like dividend of 4.17% This, if anything is the time to buy.