Tuesday, June 27, 2006

MDG, ABX, PAAS, AEM - Chart Analysis

MDG(NYSE), Meridian Gold Inc. MNG(TSE)

A-B-C correction (38.31 $ –25.86$), break up above downtrend resistance (orange line). Uptrend (green line), RSI above 50, PPO crossover, PPO histogram positive, ADX improving (almost positive).


MDG, Meridian Gold Inc. MNGChart







































ABX (NYSE), Barrick Gold Corp. ABX(TSE)

A-B-C correction (35.90$ – 26.70$), break up above downtrend resistance (orange line).Uptrend (green lines), RSI improving, PPO minor crossover, PPO histogram slightly positive, ADX natural.


ABX, Barrick Gold Corp. Chart









































PAAS (NASDAQ), Pan American Silver Corp. PAA(TSE)

PAAS lost synchronization with other PMs for some reason. PAAS topped earlier (March), A-B-C-D-E correction vs. A-B-C (27.28$ – 15.49$),at downtrend resistance (pink line). Slight uptrend (green line) , RSI improving , PPO crossover , PPO histogram positive , ADX natural.

PAAS Pan American Silver Corp. PAA Chart







































AEM (NYSE), Agnico-Eagle Mines Ltd. AEM(TSE)

A-B-C correction (41.70 $ – 25.49$), break up above downtrend resistance (orange line).Uptrend (green line), RSI above 50, PPO crossover, PPO histogram positive, ADX improving.


AEM Agnico-Eagle Mines Ltd Chart








































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