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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!

  • Revising Stop Loss

    Posted on February 24th, 2009 No comments

    Here is the dramatic metal pull back we have all been waiting for, especially in the miners. Healthy but disheartening at the same time. I’ve revised my stop loss on Gold to $940 and Silver to $13.30.

  • I’m Buying on Pullbacks

    Posted on February 24th, 2009 No comments

    Yesterday we saw some more modest pull back in the metals, creating a nice setup for buying. I’ve taken advantage of the situation and I’ll hold out the next few days to see if things continue to break upwards. Anything below $968 in gold will test this bull trend. Until then, I’m still loading up.

    Silver is looking still looking far more bullish then gold, any pullback below $13.90 can reverse that trend. Until that point I will be loading up on various silver miners and the silver etf, SLV.

    The Plays

    • Yamanna (AUY) long position, still holding and buying on pullbacks.
    • HMS Holdings (HMSY), exited my short position after a $2.00 drop yesterday.
    • GLD and SLV, buying on all pullbacks with a stop loss set around $940 and $13.30 respectively.
    • Watching General Electric (GE) for another major pullback, if so, I will enter long.

    Happy trading everyone!