Re: Potential cup and handle breakout...
in response to
by
posted on
Aug 26, 2009 07:36AM
In 2011, Homestake Resource reported an updated mineral resource estimate, (NI43-101 compliant) of 191,000oz gold and 1,350,000oz silver indicated plus 530,000oz gold and 13,470,000oz silver inferred at a 3.0 g/t AuEq. cut-off in two separate deposits.
Looks like a plan! We seem to be approaching a decision point on the POG. The daily chart shows a symmetrical triangle now squeezed into a very tight range. Seems like it has to bust one way or the other, or maybe a headfake down and then a sharp reversal up. Who knows, but it looks like it needs to be resolved soon. Based on how the juniors have been acting, my guess is that it gets resolved to the upside but we will have to see.