IMG, IAM Gold update

The then (June 3d) and now charts;

img june 2012img nov 14 2012

The predictive value of Elliott Wave never ceases to amaze me. The stock rebounds right into the area of the triangle as indicated after first dropping substantially in the b-wave of the a-b-c. We are now on our way to new lows, or, alternatively, this correction will become much more complex (don’t think so).