augieboo's depository of gold

[augieboo]

$XAU, $HUI & 13 POTENTIAL GOLD BREAKOUTS:

$HUI seems to have broken out of a pennant pattern, only to collapse back down into it. I'm not sure if it is best referred to as a broken pennant, or a new pennant, or something else altogether.



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$XAU: The good news is that it's drawing a pretty BIG bull flag. The bad news is XAU could easily drop to 65, possibly even lower, before it resolves itself. (And, of course, there's no guarantee it will resolve in the desired direction.)



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ABX looks like a monster something -- bull flag?



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AEM, another bull flag:



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CAU ditto:



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CDE broke very nicely out of its bullish pennant into a bear flag, and has started to retrace:



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GG -- another bullish pennant:



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GLG yet another one:



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KGC ditto:



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MDG looks like it should pop for $5 if it goes the correct direction:



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PAAS looks like it could spring for a $3 pop any time now:



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RGLD looks like a $4 pop, (potentially, of course):



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SSRI is a bit of a puzzle, much like the $HUI. I can't tell for sure if it's a rising triangle which is collapsing back onto itself, or a pennant. It's got an awful lot of airspace along the top to be a pennant... Hmm..