Scotgold Keeps Running

Back in September I posted Why I Buy The Charts. I discussed Scotgold and it's great chart. The cursory fundamental research said it was probably an expensive mine, although my gut says they will find more gold. I like the story of the first and only commercial gold mine in Scotland. But really the story was the chart, the chart said buy. And now it's up about 70 percent in September.

I expect Scotgold will make a short- or intermediate-term top around the time they make their first pour. I may or may not add depending on how much it consolidates. Not worth chasing here. There are many similar charts still in their basing pattern.