Aris Mining Short Term ChartAris's stock is sporting a beautiful Bull Flag Pattern with a price target of 5.70 (lenght of the pole). 4.70 remains to be formidable resistance. There are 4.75 convertible debentures (~10 million) coming due next month. Management will want those to be in the money. We also have the B series warrants expiring in April also. Should make for an interesting month.
Aris Mining Short Term Chart Gold is digesting its torrid gains earlier this month. What is highly encouraging is last time Gold spike to a record high in December, it immediately sold off by $160. Thus far today, the corrective pull back is only $40.
Gold Short Term Chart It would appear that New York's influence is waining on Gold. The US dollar is up 3% YTD, under normal circumstances, Gold would be trading around $1950 and not $200 higher. Perhaps the world is into Olivia Newton Johns song "let's get physical".
US Dollar Index