Lihir Gold December 2000
Gold is looking interesting at present and one of the best looking charts
is Lihir. Attached is the weekly chart. You can see clearly a possible
double bottom in formation, however it must break the peak in between of 78
cents, which I have marked with the horizontal line, before the double
bottom is definitely confirmed. If this happens a new up-trend is then in
existence but to re-inforce, it must break 78 cents first !! First target
if it breaks is around $1.00. As a final note, EIS is still not bullish on
the gold price but you have to trade the chart as it is.
Home ----- Contact Us
|