Post by
bullchart on Jun 15, 2016 3:51pm
Out, now back in
May 9 trading at .13 and then a news release dropped this to .07 on 9 million share day. ( and final bottom at .05. Then the rebuy of 9 million share day Jun 9. New Liberty operations began again yesterday so would expect this to easily run back to the .18 and .30 cent spikes soon. If you bring up a 5 year chart, one can see how this has been sold off along with the price of gold. However, this has not begun to represent the price of gold since January. What is really interesting to see is all of the volume in this stock since May 5th. Should gold do what I think it is going to do with the unrest and indecision of governments around the world, I am expecting AUE to do very well. The 2011 - 2017 downtrend on gold meets up with the 2016 uptrend on November 20th 2016 at $1,334. With a potential high before then of 1434. Little doubt the today's move in gold has something to do with the Brexit vote tomorrow with the result ready for the market on Friday morning. Of course European Trading we'll have a head start on the North American markets. Tomorrow and Friday should be fun days
Comment by
bullchart on Jun 16, 2016 9:53am
Correction... that should be next Thursday for the Brexit vote. Gold and gild shares are gearing up for the big day.