ABX and miners

Discussion in 'Stocks' started by Fernandinho, Apr 30, 2012.

  1. looking for a low here in ABX and gold mining sector... GLD has been showing some strength recently , putting in a higher low, might take that as well.......attached chart showing some great technicals
  2. I dont know about ABX, but I do know the gold sector has bottomed. Its time to get in now.
  3. richk


    I have checked ABX chart and I do see it is in strong downtrend. So I do not see any reason to buy this stock. This downtrend could has more legs as next important support level is near 35.

    We can now see short term bounce but ABX is still bearish to me