“I have been bullish on gold as well as gold stocks for the past year,” Michael said.
“The gold price has been trending very well and the current move higher is sustainable and should continue for a while yet.
“At the stock level, I have looked at Perseus Mining (PRU) a few times over the past year in my newsletter and noted the buying opportunities along the way.
“Once again, it’s presenting us with another buying opportunity.
“The shares took a breather from their uptrend in July by trading sideways in a bull-flag (diagonal blue lines in my chart).
“The past few days have seen it break higher on good volumes.
“This breakout is a buying opportunity, as is any weakness in the next few days.
“The next major level of resistance is up near $3.50,” Michael said.
Perseus Mining (PRU)
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