San Gold Corporation

On a longer term comparison, the move from ~$3 mid September to today is almost identical to the move from ~$4 January 1, 2011 to the end of April at $2.45 which then rallied off a double bottom. That eventually ended badly. Crazy how similar. Based on that we will sell off at the 125 day moving average which is ~2.25. What happens next is anyone's guess. Either a retest of the $1.35 low for a double bottom if it is identical which I doubt because time has already played out or a bounce off 1.90 which would be an inverse h&S. Seasonality could be the catalyst this time around. Either way 2.25 is in the future and I hope they have something to break us out to the upside when it happens like a Hinge type bulk sample.

The last time $2.25 broke out and rallied it was on the release of the Hinge bulk sample. If you are listening Tim, let George know he needs to call the handler.