[isatrader]

A few gold miners that have been on the watchlist for a while are SBGL and PPP, and with Gold still grinding out a Stage 1 base and coming into it's seasonally strong time of year due to the upcoming Indian Wedding season, it could be time to look at the precious metals miners again.

SBGL has been consolidating above it's IPO high for the last three months or so, around it's 50 day MA and above a still strongly rising 30 week MA. And so it's pattern looks similar to the ideal trader method chart which you can see an example of in the opening post of the thread. So am looking for a Stage 2 continuation breakout attempt to new highs.

       
   


PPP has be flirting with it's highs, and put in a new all time high five weeks ago, and has consolidated in a tight flag since on contracting volume. It's made a large cup and handle type pattern over the last year and half and so looks like it could be ready for an attempt at a Stage 2 continuation move.