A Chartist’s View of New Gold Inc. (ticker NGD)

New Gold Incorporated is a mid-tier gold mining company with mining operations in Canada, the U.S. and Mexico.  NGD stock made its all-time low of 74 cents per share in December 2008, and its all-time high of $14.15 per share in September 2011.  New Gold is one of the holdings in the two most popular gold mining ETF’s, GDX and GDXJ.  Its annual revenue is currently about $725 million.  Let’s examine a chart of NGD starting at the 2011 high from a technical point of view.

Updated Elliott Wave Analysis of ASA by Sid from ElliottWavePredictions.com

Updated Elliott Wave Analysis of ASA by Sid from ElliottWavePredictions.com.  Click on the charts to enlarge. Back on July 2nd, I posted a workup on ASA Gold and Precious Metals Limited.  Since then, ASA has continued lower, and yesterday reached a significant Fibonacci target of $8.94, where wave 5 blue equaled the net traveled by […]