Kinross Gold Corporation(KINROSS - KGC
). The Group's principal activities are mining and processing of gold and silver ore and the exploration for and acquisition of gold-bearing properties, principally in the Americas, Russia, Australia and Africa.
Gold and Silver related stocks have been beaten up for the recent months. But over the last few sessions, the volume on this group has increased as they've reached support area.
Before we enter on the short term I always like to, maybe just out of curiosity, see the long term chart:
Now the medium term, that shows we're on a support area for KGC
On the short term we have a potential inverted head and shoulders pattern. I say potential because KGC
still needs to break the neckline for the pattern to be effective:
As usual, buying the open tomorrow. I believe buying stocks that belong to a sector that is attracting interest of investors increases the probability of success. If a group is moving altogether it must be because there is a macro-fundamental bullish story behind that group.
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