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Metals: Technical All StarsContributed by Olaf Sztaba Since the completion of the spectacular rally in May 2006, the Gold sector has been consolidating within a well-defined trading range as measured by the HUI index (please view chart below). An accumulation pattern like this usually develops in the middle of a major bull market and implies the technical strength of the underlying security or a sector. A breakout from this formation would indicate the start of the next major up-leg and significantly higher targets.  During this important pause, numerous individual stocks have developed their own consolidation patterns. We selected seven Metal stocks which have formed bullish formations with a significant upside potential for the next up-leg of this bull market. Among them: Barrick Gold (ABX)  Canadian Royalties (CZZ)  Eldorado Gold (ELD)  IAMGold (IMG)  Minefinders (MFL)  Pacific Rim Mining (PMU)  Rio Narcea Gold (RNG)  written Jan 18, 2007
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Contributed by Olaf
Sztaba