Sean, can you take a quick look at the chart for ABX and tell me if you think its starting a wave 3 uptrend?
I tried to identify a range resistance for the current sideways movement: 13.60 to 13.85. Does that look correct? We went above 13.60 today, what confirmation do you look for when trying to identify that it has indeed broken out?
But with the market diving, that tends to bode well for gold and gold miners.
It could be, but we don't have confirmation of it until it breaks above the black corrective line of wave 2 and above its 200-week moving average.