Comments: As I previously mentioned, BGO shareholders will vote on January 30 whether or not to approve the merger with KGC. I understand that the transaction will be consummated shortly thereafter. As in the case of IAG and GG, I believe the approval of the merger, which will create the 4th largest gold company as measured by gold reserves, will give a brief boost to the shareprice of KGC. In any case, KGC recently broke out of a descending triangle-like pattern that has a measured target price of $15.50.
Comments: The chart of Randgold Resources Ltd. (GOLD) is starting to look interesting as the trendlines are starting to narrow. A measured move would be to around $33 to $34 if it is an upside breakout or it would slice off $9 in case the break is to the downside. There's been a little accumulation in the last three weeks.
Comments: As I previously mentioned, BGO shareholders will vote on January 30 whether or not to approve the merger with KGC. I understand that the transaction will be consummated shortly thereafter. As in the case of IAG and GG, I believe the approval of the merger, which will create the 4th largest gold company as measured by gold reserves, will give a brief boost to the shareprice of KGC. In any case, KGC recently broke out of a descending triangle-like pattern that has a measured target price of $15.50.
Comments: The chart of Randgold Resources Ltd. (GOLD) is starting to look interesting as the trendlines are starting to narrow. A measured move would be to around $33 to $34 if it is an upside breakout or it would slice off $9 in case the break is to the downside. There's been a little accumulation in the last three weeks.
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