Golden Minerals Company (TSX:AUM)

[basserdan]

An interesting post purloined from Stockhouse....

AUN-Big move in the making

by gretzky31
2/1/2012 8:22:00 PM
470 reads | Post #30614532

Take a look at Aurcana, a silver stock that since 2009 has followed a pattern of run ups and then a period of consolidation followed by a run up in prices.

Take note of the fact that during each run up phase the advance is between 6-8 months in duration and the magnitude of price increases in each run up is that prices increase by about a factor of 5, from the low to the high. This can easily be seen on a log scale chart, utilizing a linear regression channel.

Based on this analyst you can project a high price in Aurcana ( AUN.V) of about $3.00 around July of this year!

http://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=AUN&t=LIST&m=30614509&l=0&pd=2&r=0

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