AUQ (Aurico Gold Inc) hit the first price target. Consider booking partial or full profits and/or raising stops, depending on your trading plan. T2 remains the final target for now although that is likely to be extended to T3 as SIL (Silver Miners ETF) is starting to push against the top of the aformentioned resistance zone/second buy trigger as I type with GDX (Gold Miners ETF) also making another new short-term high today, building on the near-term downtrend initiated off the June 29th lows. Both GLD (Gold ETF) & SLV (Silver ETF) are also trading higher today but I’d like to see a solid close and some follow-thru to the upside over the next day or so before officially extending the price targets on the mining stock trades.
AUQ first profit target hit