Claude's chart says, time for a little rest
posted on
Jan 28, 2009 09:04AM
Claude's strength from $0.16 to $0.65 has been impressive. It's percentage increase from the October lows has been the best, over a 400% price advance.
Currently, the $0.63 to $0.65 area will be like a resting station on its journey to a much higher neighborhoods. The 63 to 65 cents location is where a declining 200 day average and a declining trendline reside. Claude deserves the rest as it has earned it. The resting period should coincide with the whole group taking a break as they deserve it too.
It excites me thinking of Claude's potential in going deep along with the bright future that gold currently owns.