Welcome to the San Gold HUB on AGORACOM

San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.

Free
Message: 10 Year Grind

Starting in 2004

Major Move 1 - Up

.15 to 2.25

.15 - 0%, .95 - 38.2, 1.20 5%, 1.45 - 61.8%, 2.25 - 100%

Major Wave 2 - Down

retrace to .57 (.57 is ~50% of .15 and .95) with Wave 1 high of 2.25 becoming 38.2 Fib level for next move from .57 to $5.

Major Wave 3

.57 - 0%, 2.25 - 38.2%, 2.78 - 50%, 3.30 - 61.8%, 5.00 - 100%

Major Wave 4 - Down

retrace to 1.35, ~exact % retracement as Wave 2(1.35 is ~50% of .57 and 2.25) with a similar timeline down as Wave 3 up.

Wave 5

1.35 to 10.85. As in Wave 3, previous Wave 3 high of 5.00 is the new 38.2 Fib level for the move. Time line fits for sometime in early 2014. Probably a Friday ;)

1.35 - 0%, 5.00 - 38.2%, 6.10 - 50%, 7.22 - 61.8%, 10.85 100%.

At this point it could keep going or break above the top channel in a blow off perhaps on a takeover or some other freakish event like a Goldcorp type discovery.

In all reality, a $3.5 billion market cap is not out of the question with gold over $2000, production ~ 200k/y and 5 million ounces in the ground.

4
Jan 06, 2012 12:28AM
3
Jan 06, 2012 01:37PM
4
Jan 06, 2012 03:47PM
3
Jan 06, 2012 05:57PM
3
Jan 06, 2012 10:23PM
Share
New Message
Please login to post a reply