Coeur dAlene Mines Corp. (CDE) is a BUY
Posted on July 23, 2010 at 15:28 PM EDT
Breaking through its 50 day moving average $15.41. A close above $15.41 would be very good for CDE technically. The MACD has broken out higher as well as the Stochastic chart. All of these things just happened so I am looking for a quick jump in share price. CDE submits earnings August 9, 2010 and I am expecting them to beat earnings estimates to the upside due to the high price of gold and silver along with Alcoa (Aluminum) and Freeport McMoRan Copper and Gold Inc. beating down their estimates handily. The metals still have a long way to go due to the large amount of debt held by state and federal governments around the world.
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