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  • Gold Target for Week of October 5th

    Posted on October 4th, 2009 No comments

    Buy: $1001 | Stop: $996 | Target: $1012 | Quick Target: $1019

    It’s been a four week fight with gold around the $1000 mark. We haven’t broken the all time high, but we are less then $30 away. At the same time, gold is having real trouble staying under $1000 which has me leaning towards another bull run by months end. At this moment we could go sideways for a few weeks, but if not, the trend is up and our first target will be $1019.

    If you are unsure what to play, stick to the ETF’s. Either Horizon Beta Pro’s HGU (2x gold miner ETF), HBU (gold bullion ETF), or the standard and rock solid GLD.

  • 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.

  • Silver & Gold Keep Pushing Higher

    Posted on February 18th, 2009 No comments

    Unfortunately I didn’t get the pull back I was looking for in the S&P but we got extremely close. Around 10 AM we were down about 100 points and I was about 30 cents off my entrance on DOW Chemicals, which would of been a great play. I didn’t get close with General Electric (GE), but that’s expected with their dividend payout coming Thursday night.

    On the other end, Gold and Silver kept pushing higher. I was really hoping for a pull back here, just to keep my charts healthy and create a buying opportunity for myself. Instead I picked up a small amount of GDX (Gold Miners) since it didn’t make the break upwards like the actual metal today. I’m still anxiously waiting for a pull back in gold or silver, these are not plays I want to be sitting on the sidelines for. I will continue to build on GDX or HGU as the miners make pullbacks.

    Tomorrow I’ll be specifically looking for entrance points in gold, silver and the miners. GE and DOW would need to make huge gaps downwards if I purchase in them.