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Ecantoni
Jun 17, 2013 1:26 PM

Interpreting gold with a miner Long

Newmont CorporationNYSE

Description

If the chart of gold cant tell you much (double -bottom similar to the 2008 retracement), try with NEM... as it has just formed a nice H&S inv. At the neck b/o w/ volumes TGT could be the yellow upper parallel with a double gap-fill and the 144 sma, which looks to be playing with the same GLD.
RSI div +
Correlation >0 and growing
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