JAG getting interesting
Gold has run like mad, and seems to be either at a blow-off top or starting a new, even more accelerated run. I don’t know. But the miners of gold have, in general, lagged. By quite a bit. One favorite from a few years ago that has continued to post growing revenues while its stock got beaten senseless is Jaguar Mining (JAG). Well, JAG may finally be turning the corner. The stock price looks to be breaking out from the downtrend (a falling bullish wedge) that’s dogged it for over a year now.
There is plenty of resistance to be found on the way back up, but breaking the old resistance trendline is the first step in establishing a new uptrend.
**UPDATE: Some very nice upside follow through as of noon Monday (up 6%)