I have been looking at this chart for ages now and also actually took a position like 2 years ago, bought a little more when i had the chance to buy lower and now here i sit and wait.
Very interesting chart, i think it's almost too good to be true, looks perfect to me.
Would love to hear more opinions on it!
Yamana Gold Inc. is a gold producer with gold production, gold development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile and Argentina. The Company's segments include El Penon mine in Chile; Canadian Malartic mine in Canada; Gualcamayo mine in Argentina; Minera Florida...
The question here is , "will be a discending triangle or a multiple bottom?" I think the buyers must wait and see when the triangle will be broken.
You can see MACD and RSI indicating a divergence with posibble rise
AUY has, along with all other miners, performed spectacularly in 2016. Long term, this stock, along with others in its sector, are a HOLD. Short-term, expect some profit taking here at resistance ~4.76
Whose buying NUGT? I think that gold and miners are very over extended would you buy NUGT now? It could make you the guy holding the bag when it opens 20% down. Its just too late in the cycle to buy NUGT here. I'll wait for a pullback to get in. Buy DUST? Not sure I would do that any time soon. Too hard to tell. If you listen to others shorting a baby bull is a...