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  • Gold is off to the Races!

    Posted on September 3rd, 2009 No comments

    What a great couple of days!!┬áIf you listend to my advice before this breakout, you should be fairly happy today. Gold broke the upper trendline on the weekly and daily chart and exploded. Before we break $1000 I’m looking for a pull back to the $985 range, and possibly as low as $975 but that is unlikely. The minute we see $985 I will be loading up on various gold miners and gold ETF’s. The following is what I have my eyes on:

    1. Yamana Gold – Ticker AUY

    2. New Gold – Ticker NGD

    3. Gold ETF’s = HGU.TO & GDX & GLD

    You can also expect Silver to follow a similar pattern to Gold, so you can also load up on the silver ETF SLV. Good luck trading everyone!


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