Newmont and Barrick Mining Special

Technical Commentary

Comment: This guy made a very nice call about 2 years ago calling a bottom in bullion using only technicals. Here he is again, with what seems like a good handicap of the situation in the two biggest mining companies. Note he is not saying get long as of this report. He is saying he’s looking for an entry contingent on certain price action. His logic is good, and with regard to Bollinger Bands, we specifically confirm his process is sound. He’s a real analyst.