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  • Gold Target for Week of September 8th

    Posted on September 8th, 2009 No comments

    First off, I hope everyone had a happy long weekend from Canada down to United States. Let me get to the gold now…

    Buy: $985 | Stop: $974 | Target: $1013 | Quick Target: $1004

    Gold is on a roll and a very big roll. I don’t see us falling below $974 and we have plenty of support at $985-6.  Typically a week like this is difficult to call, a pull back is in the books but with the momentum that gold has right now, anything can happen. Good luck trading everyone!

  • Gold is off to the Races!

    Posted on September 3rd, 2009 No comments

    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!

  • Crazy Week! Down 20%, Up 20%, Finished Even

    Posted on March 22nd, 2009 No comments

    Wow, what a week. After kicking myself in the rear for entering AUY early, everything seemed to pan out quite nicely thanks to the FOMC meeting. At the end of the whole ordeal, I came out of the week even and I get to work with a nice momentum swing to the upside. At this point in time I will start taking my profits off the table and ride a much smaller lot.

    On another note, it looks like the US government has no care for the USD and inflation is the clear goal. With that being said, I’ve shorted the USD/CAD at an avg of 1.28 and I have fairly decent positions in GDX, HGU, NGD. I’ve been extremely busy lately with work so I haven’t been able to keep everyone updated as much as I hoped for, but I’ll do my best.