Just to play devil’s advocate to Plunger, Spock, et al, here is a possible head and shoulders pattern that could play out over the next few weeks, just to take a little of the froth off of this exploding gold equities market, and maybe give those who missed out the chance of a “Gentleman’s Entry.” I personally put a bid in for some MUX shares on Friday but my limit price was a penny too low. This will soon prove to be either a blessing, if we see the H&S play out, or a curse, if gold equities move even higher from here. We shall see.
HUI H&S