Blackrock Gold 1500p

Blackrock at 1500p is below its 200ema (1520p). If the pattern retraces an A-B-C , then Blackrock should offer a

BUY opportunity in 1400p in the next 2 weeks. Long term purchases target is 1200p by the summer. Top 5 holdings are 33% of the fund. Long term support is around 20% below the current share prices, giving a downside risk on Blackrock Gold at 1200p.

Newcrest $37 with support at $30, downside risk 20% (11.6% of fund)

Kinross $14.74 with support at $12, downside risk 20% (6% of fund)

Fresnillo £14.48 with support at £12, downside risk 17% (5% of fund)

Agnico $66.74 with support at $55,  downside risk 20% (5% of fund)

Newmont $50.89 with support at $42, downside 17%  (5% of fund)