Something I noticed AR has been acting very strong, in that as we see each step of gold moving forward, AR follows with a vengence. As Gold retreats, AR comes off a little, but then charges forward stronger than golds rebound. AR seems to even push forward when gold remains in a consolidation or even is still cought in slight downward pressure, like today. AR is one step back, TWO steps forward. This is the type of action that every investor wants out of their stock. AR is outperforming its peers and the metal itself. These are very bullish indications of what is comming. I don't see any reason why AR should change this course, as they continue to build their resources, their infrustructure, and their production. Fundamentaly, the selling price of their gold is being averaged over the year, so each fluctuation in gold will be averaged and the overall 2012 average price is looking very strong so far.
Looks like my chart was bang on as far as a rest in the share price. Some of the indicators have had a chance to reset, and we are also sitting close to a rising support trendline. We now have a much stronger technical possibility to reach for another leg up, although a falling tide sinks all ships...
I will try to post an updated chart this weekend.
Cussy, the Windsurfer:)