3SOF

brandyjoco · January 04, 2006, 03:55:04 PM

AUY is a growing Gold company. It hopes to produce 400,000 oz of gold in 2006 at a cost of $250 an oz. In 2007 it hopes to produce 500,000 oz of gold at a cost of $100 an oz. That is unheard of - am I reading the Yahoo news reports correctly?

mitch123 · January 19, 2006, 12:53:10 PM

Can someone give me some input on AUY. Is it a good stock to buy for the next few weeks?

nullzero · March 15, 2006, 01:06:07 PM

Just bought AUY at 8.82 today.... I cant believe this hasnt moved much PR just released about earnings on Monday. Good earnings should be coming out

, also near a 52week high at 9.44 I expect we will crash thru this with earnings.

Holygrale · November 02, 2006, 12:22:57 AM

Gold appears to be breaking out.......... But if it is, this one moves nicely with it, in at $8.50

Holygrale · November 09, 2006, 11:43:58 PM

Gold has broken out and should last through the EOY...............

Melf Elf · November 10, 2006, 05:09:37 AM

Holygrale,

Just saw this folder, and your charts. At first, I thought that your November 2 chart was yesterday's close. Drat! That candle was a breakout of what looks to be a DOUBLE Bullish Inverse H&S pattern.

Does stockcharts allow you to draw trendlines on the charts? If it does, see if you can draw the two necklines, which will help you to dervive your upsdie targets IN PLAY.

You have a ver-ry nice entry, at 8.50.

Melf Elf · November 11, 2006, 07:39:02 AM

Quote from: Melf Elf on November 10, 2006, 05:09:37 AM
Holygrale,

Just saw this folder, and your charts. At first, I thought that your November 2 chart was yesterday's close. Drat! That candle was a breakout of what looks to be a DOUBLE Bullish Inverse H&S pattern.

Holygrale,

You'll see in the next post why I was drooling when I saw your November 2 chart.

First, picture if one of us posted the following before the market open on October 28:

"Last night, Cramer recommended a switch out of GG into AUY. The chart has had a Bullish Inverse H&S Breakout, has set up the neckline of a SECOND Bullish Inverse H&S breakout, and at yesterday's close, its sitting at a re-test of the first neckline breakout."

Drool...Drool...Drool...

Next post is the result.

Melf Elf · November 11, 2006, 07:58:12 AM

This is a great example of how a marriage between news/fundamentals/analysts calls and technical analysis can make us a lot of money.

Cramer said "Buy." Did the chart agree? It sure did! Perfect timing, on the re-test of the first neckline breakout, which also was the low of the SECOND Right Shoulder (red arrow)

Low-risk stop below 8.88, the low of the first Right Shoulder, nice reward on the upside!

I realize that you already were in it at 8.50, Holygrale, which is great!

Just taliking "in general," about how helpful it can be to post these setups. Thanks again for your posts on AUY. Sorry that I didn't get here in time.

"So many charts...so litle time," huh?

Holygrale · November 22, 2006, 09:52:49 AM

Melf, hope you bought on the dip. Gold about to take off to $700 by years end.......JMHO

Melf Elf · November 22, 2006, 11:35:10 AM

Quote from: Holygrale on November 22, 2006, 09:52:49 AM
Melf, hope you bought on the dip.

Holygrale,

Thanks for reminding me. Applause.

I just bought AUY at 11.17 on the dip to fill this morning's gap.

Stop: a few pennies below 10.39, the low of the Bull Flag. Risk: a loss of 7%

The 34/55 RSIs gave a buy signal yesterday, at 10.83. Wasn't watching it.

This morning's open was a gap above a Bull Flag. The gap now has been filled to the penny, so we'd like to see AUY finish higher today on a Bullish Hammer, with a long tail off the Bull Flag breakout.

I'll show you the daily chart next.

Quote
Gold about to take off to $700 by years end.......JMHO

Any particular reason? Seems I heard that wedding season is coming up (early winter?), contributing to demand.

Melf Elf · November 22, 2006, 11:42:56 AM

Daily chart

Melf Elf · November 24, 2006, 08:32:49 AM

Quote from: Melf Elf on November 22, 2006, 11:35:10 AM
This morning's open was a gap above a Bull Flag. The gap now has been filled to the penny, so we'd like to see AUY finish higher today on a Bullish Hammer, with a long tail off the Bull Flag breakout.

We didn't get a pop higher off the gap fill on Wednesday, but it held the Bull Flag breakout (11.19) at the close (11.22), and AUY is called higher this morning, right at Wednesday's 11.56 high.

Current BID 11.56...ASK 11.58.

Targets:

11.90 is IN PLAY from the Bull Flag breakout (Top of the pattern) EDIT: 11.90, not 11.84

12.06 still is IN PLAY from the November 1 Inverse H&S Breakout

12.70 is IN PLAY from the measured move off the Bull Flag breakout.

BTW, in addition to Raymond James raising this week, on November 14, RBC raised their target from $13 to $15.

Holygrale · November 24, 2006, 09:21:46 AM

Melf, excellent posts.

With the dollar showing weakness and their are too many Gold bugs calling for breakout with $700 target by years end, this looks like a major buying opportunity..........

For those not in gold, dont miss the fireworks. AUY is a producer and moves quite well with the Price Of Gold...........

The upgrades from Raymand James is added fuel to the fire.............

Terliso · November 25, 2006, 01:20:00 AM

Good pick guys!... Gold stocks are on fire!

setravis · November 25, 2006, 01:38:13 PM

AUY Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders.

All history on a stock pick in 1 thread is awesome.

Thank You....and good luck with all your trades....make some $$$

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