A bullish Reversal Day today - traded lower and finished up. And on decent volume and on a day when the aussie gold index was down 2.4%.
The likelihood of a trend reversal today is enhanced by the proximity of the long term uptrendline from 2009 (on a log scale chart). It cuts in around 12 to 12.5c.
EAR hit 13c today but I'm guessing the low is in. If it isn't, it's surely very close.
Ann: Diggers & Dealers Presentation, page-82
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