FNV, Franco Nevada update

Then – Feb. 15 2014 – and now charts;

fnv feb 15 2014 sFNV may 28 2014 s

Of all the gold stocks FN is signalling the loudest that a potential disaster  lies ahead. So far this stock is down about $11 in the past three months but more alarmingly there is now overlap which negates possible bullish alternatives. Given the very clear and distinct B wave structure into the double top a new should be in the cards, as per chart below.

FNV may 28 2014

Our best guess is that we probable started a wave 3 down recently. By the way, this stock’s pattern looks a lot like that of SNC Lavalin.