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Nevsun Resources Ltd. (NSU) is a gold and base metal mining and exploration company.
The stock broke out of an inverted head-and-shoulders pattern in 2009. In 2010, it should challenge its all-time high near $4, which was made in April 2006.
Once that $4 level is broken, the pattern will turn into a large triangle with a target of at least $6.
If you missed the gold run in 2009, don't beat yourself up. Some of the biggest profits of this year will come from gold stocks. That's right, gold is the number one sector to invest in for 2010.
Gold has risen for nine straight years without a single year of negative returns and this year will be no different. And gold is not a U.S. dollar story. Gold isn't rising on the dollar alone. It's hitting new highs in every currency around the globe and not all the world's currencies experienced a complete freefall like the greenback.
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