Gold miners will be bottoming out soon [EGO]

I'm telling my subscribers to begin cost averaging into the juniors.  Today's pick is EGO, El Dorado Gold.  Remember, folks, this bottoming model is being provided when things look very bad for the stock.  Thus, this bottoming prediction is not based on good news, or the so called "fundamentals" which are unknown and unknowable (does the CEO know which way gold is going short term?  If not then he has zero idea about the only fundamental that counts!).

The Elliott wave principle does not need to know about the fundamentals.  All it needs to know is the shape of the chart.  And the shape of this chart is looking for a price double early next year and then even more going into Q1.

If you are investing based on gut feel then you are losing for sure.  Why?  Because you are trading against those of us who understand how the past price movement of shares turns into future probabilities.  We use these probability models to determine when to buy and when to sell.  And right now it's time to start buying EGO.  Do it slowly, not all at once.  Go for an average buy price in the 50-60 cent range.  And never put too much of your account into any one ticker.