ABX update


abx feb 1 2016

See our previous blog where we targeted $8 as an entry point and $23 or so as an exit point, both based on this expanding diagonal triangle. We appear to have broken out above the upper line of this pattern and should now get to $16 over the next few days. If you are uncomfortable that would be a good point since you would have doubled your money. But if you are a little more venturesome you might just want to stick around till we hit $22+, a little bit under our expected target. You can then brag to your neighbour that you almost tripled your money in, of all things, gold stocks. If he wants to know how, tell him you read this blog. Then if he asks if it is expensive, tell him it is free, at least for now.