Wednesday, January 15, 2014
Eppur si muove, Rio Alto edition
It's a lacklustre day for junior miners, with gold pinned below $1250, and yet:
Rio Alto is still going up.
At this point I don't give a crap if they're in the business of making spam out of little old ladies. It's a horizontal resistance break on volume, and it's up when everything else sucks. The chart is the chart.
There's a couple pivots at $1.95 and another spot at $2.09 or so. Til then, it's free money, I guess.