Gold is off to the Races!

What a great couple of days!! If 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!

January ’09 in Review

January was a great month once again. Although my Covestor is saying I’m up modestly for the month and only slightly better then the Index, it simply isn’t true (I’m killing the index!). When I joined Covestor, it took my position and holding prices based on the day I joined, not the actual price I purchased my holdings for. Before joining I purchased AUY at full tilt around $4.25 per share, when I joined Covestor, AUY was at $7+ and I sold AUY at around $6.60. So after making a huge profit, Covestor wasn’t showing the true return (150%+). Here is a graph from Covestor with the tracked success.

Anyways, January was GREAT. Every trade I made was a winner except NNDS (I lost 5 cents and that was in Feb’09). Below I have lsited my upcoming thoughts on the market for February and forward.

• 1. DOW should touch 6500-7000. 
• 2. Silver will lead gold, both will be fantastic plays. I’m building positions in GLD, SLV, ABQ, CA:HGU, UGL. I’ve opted to play ETF’s over the direct miners, although I’m very bull on AUY.
• 3. Inflation is the key issue, I believe gold/silver has begun its run upwards already, inflation will occur in Q3, and possibly late Q2.
• 4. TBT is a solid play. I took a nice position in it with another brokerage account. I expect 20+ US treasuries bonds to pay much more then 2.5% interest by end of year. This is almost a given.

Good luck everyone!

Predictions for 2009

Welcome to my very first blog post for Churn.ca. Playing the market is something I’m fascinated with and a few people are interested in following every move I make. I want to stress, I’m not providing investment advice, I’m just here to show you what I’m doing. I’m going to repost a few things I made at Covestor back in January before I start freshening up the content. Here are my predictions I made for 2009…

• Gold breaks the $1,000 barrier in Q1 2009.
• DOW will not hold at 7500, I’m looking for the break in late Q1 or Q2. 
• Gold miners (equities) will be the top performer for 2009 (AUY, ABX, NEM, ABX, GG).

Good luck trading in 2009, I hope it goes well!