IGO has two Tier one assets Tropicana (gold) 30% and Nova (Nickel/Copper/Cobalt) 100% With the Nickel price breaking higher this looks a good chance to break from a multi year resistance and commence a new uptrend
Big Bear Markets such as the decline into the 2016 low for the miners breed big bull markets. These unloved countercyclical investments have significant potential for long term gains.
Such a clear down trend with overhead resistance are key charts worth keeping an eye on. This week we have a clear breakout. Decent volume for gold and GDX are solid confirmations.
It's a personal view that long term charts are better than linear charts on a log scale. NCM has continued it's uptrend from the low of late 2013. It is very similar to the break of 2002.
