Monday, January 15, 2007

The Bull Resumes...

Aurelian was an exceptional performer in 2006, actually doing what most explorers only dream about, namely, finding the mother lode. But even Aurelian wasn't immune to a sector correction and the chart shows a 30% pullback in the fall of 2006. The 25 week EMA has been tested a few times and continues to hold. The metals are possibly turning here, if that move continues, then another leg up for Aurelian seems probable. This should be supported by fundamentals with a total of five rigs now drilling continuously.

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