HOC possible 123 Low???

Stopped out there. Gold and silver look like they will crash and burn. Pity, chart looked very good for a while.

My last comment was rather silly. HOC is following Gold of course duh.

My chart had the breakout from 274.40

It is not often you see a chart like this one and the timing was perfect also, very nice indeed.

The combination of NFP's being revised down, which could defer QE3 tapering, and Syria should be good for precious metals. I find it a little odd though that HOC was falling whilst the Fed BS was expanding and rising when tapering was suggested. I guess it must have been internal fundamentals.

Slightly different view from remo's but direction is the same - Long position

3 123 lows - first in July, 2nd blue colour on chart and 3rd big bold black on chart below :



Broke out of the big bold black 123 low today, also broke out of I H&S neck line.

Long today @ 277

This already had a 123 low breakout in july when abudawud mentioned it.
Theres a clearer looking one that is forming and this comes right at a resistance level so if this does break out the move could be powerful.
so the level to watch out is 283.
This also has a cup and handle formation at the same level so one to watch.
This also broke out of its short term down trend line recently.
This is from this weeks share tips


dl.dropboxusercontent.com/u/4899609/hocm5thsept.png

Looks like this has broken out today