Caledonia Mining Corporation (CMCL)

[NYBob]

CMCL Long Term Price Objective $54 USD

Caledonia Mining has been in a long term uptrend channel versus the GDXJ,
which means that CMCL will outperform GDXJ until it reaches the top of
the channel at 0.59 times GDXJ.
During the 2016 rally in Gold, CMCL lagged behind other stocks until
June, then outperformed by a mile through October.
In 2017, CMCL touched the bottom of the channel in October, and then took
off when Mugabe was replaced.

If POG breaks out above $1400, then I think that CMCL makes a
straight line move into this October.



by ganndolph.
TIA good info )
God Bless