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Irresistible Force about to win.  Melt-up flag, new highs in the move,  going to $23 shortly.   ASM giving another entry. KOR looking like 2.32  ... much of the better action in the Venture exchange.  PNP.to can capture that.

REGN strong in SPY , TGT 380s

Posted by cmunny on 24th of Feb 2014 at 12:35 pm

Cup and melt-up.  Much of the leadership in the SPY is in gap and grind mode, but this is just getting going.  Mkt may not be on crack, but it is on THC.  Should touch the 49.48 old "highs."

GLD enters air pocket toward 161 ext. tgt. , GDXJ drafting

Posted by cmunny on 24th of Feb 2014 at 11:31 am

Thumb on the bid for most of the GDXJ , which can't get through the wedge patterns just yet and now diverging with the shiny yellow eternal golden immutable metal.  Took almost 3 weeks for stocks to get through the last consolidation, and we're only about 6 days into this one.   Still above the 9 dma.  Ultrabullish patterns in AEM and a lot of stocks, but this flag area might get rinsed one more time.  Would expect a gap out when these do move.  OGC leading today.  AUY, AG, SAND, ANV, look good.

Goldgrams Poised for Much Higher Prices

Posted by cmunny on 22nd of Feb 2014 at 11:13 am

Solid in the PM space.  New Year rally is just forming the wall of one year cups or even more bullish patterns. The fib layout suggests the 161 line from the 1st qtr rally is the next upside target, which suggests a large gap coming over the current highs at some point.  The 261 line from the 20 yr chart is also in play on a lot of the better majors. Mininum tgts are: RGLD looks like $77;  AEM $40.22.  HUI  294 tgt.  TAHO 26+.  The proprietary GDX_CMNY_Jr index continues to pound higher at 59% YTD vs GDXJ at 31%,  GDX_CMNY_SR at 31% and GDX at 20%

CG.to, CAGDF , AR.to ARNGF Follow-up. BAA

Posted by cmunny on 21st of Feb 2014 at 10:19 am

These two look about the strongest out of the rinse and run the past few days. Bowow BAA looks higher.   Leader TAHO, tgt just up ahead.  SMF.to, is the boss, lovely grind to the upside.  ASM, hot money ruined, but good around $2 support fib.

Title: It is worth knowing

For whatever it s worth

Posted by cmunny on 18th of Feb 2014 at 04:01 pm
Title: It is worth knowing

CG.to, CAGDF , AR.to ARNGF

Posted by cmunny on 18th of Feb 2014 at 12:19 pm

Producers with some earnings issues, but low volatility patterns.  AR filling gap here on top of base now.  CG overcoming a rough quarter and sitting at a major inflection point.  First Maj similar situation, free air above , will it fill gap first...  Our proprietary GDX_CMNY_JR index is up 58% YTD, GDXJ, 33%, GDX 19% .  The GDX_CMNY_JR beats all non-leveraged ETFs YTD.   In looking at other top YTD performers not in the index, SVLC is certainly a worthy member.  DGC.to and a number of others have had oversized gains after naked shorting / tax loss selling late last year.  ANV looks good consolidating over the breakout.  PNP.to as a CDNX proxy has been very good.

ANV , AG , Rating Updated to Buy Hold, GLD hits tgt

Posted by cmunny on 14th of Feb 2014 at 10:49 am

Eye-popping pattern corking out.   $6.43 initial extension tgt, much higher prices ahead.  AG , lagged, now taking the baton $12.85 initial tgt.  Have had my eye on the "good" laggards, which have come around now.  GLD hits 100 % ext tgt , as does GDXJ

ANV Poundin' $5.34, snooze u lose

ANV Taking out Pattern highs

Posted by cmunny on 12th of Feb 2014 at 10:30 am

ANV Taking out Pattern highs

Posted by cmunny on 12th of Feb 2014 at 10:16 am

Stock traded several bucks higher after OSK takeover bid.  Former GDXJ leader. Relatively strong today.  Only gap I c is just below

PNP ... CDNX proxy ... here , short this one

GDX follow up

Posted by cmunny on 11th of Feb 2014 at 03:06 pm

95% down, but not out.  The jrs. are dead, long live the jrs.!

SBGL breakout

GDX follow up

Posted by cmunny on 11th of Feb 2014 at 02:49 pm

Hi div south african spinoff, led most of the fall, 52 week high.   TAHO kickin' butt. At 10% a day, they're not  buys anymore, but we're seeing some very healthy action in sector leadership and short covering among the dogs.    Lots of sources of buying fuel still around.

ANV Flag tgt 6.43 hasn't blown yet

GDX follow up

Posted by cmunny on 11th of Feb 2014 at 02:14 pm

Remember, stocks like these went from $40 to $2 in the past 2 years.  This rally is just undoing the summer ernins gapdown in this stock.  Looks a little weak, but it had a nice run.   This hit $6.55 premarket a few weeks ago.

AG Sitting on a Breakout Point

GDX follow up

Posted by cmunny on 11th of Feb 2014 at 12:56 pm

AG has has been in the group that has appears to have been shorted till the last 3 days.  Now we're at a nice inflection point - the baton may pass to the likes of these now.  Targets in the 12.8 range , hit $16 after the summer rally.   AUY looks much the same.  Just looks like the $$ is going to the bigger, lower volatiliy issues the last few days.  PPP closer to $6.72 tgt.  GLD looks like $127.  These GDX stocks appear to be getting a lot of  short-covering, just getting going over the mid-Jan highs, look higher.

GDX Extension tgt $26.7

GDX follow up

Posted by cmunny on 11th of Feb 2014 at 11:19 am

GDX looks higher. AEM, great year chart,  hesitating at resistance, earnings tomorrow I think. But might get up for the gap with GDX poundin' higher.  RGLD meltup to 68.22

NG ernins tonite, AEM tomorrow GDXJ 43.47 tgt

Posted by cmunny on 11th of Feb 2014 at 10:38 am

I have short term tgt for NG for 3.37 to 3.49, (no) ernins , or sugar, tonite after close.  $7billion in bills.  The banksters have hit still been hitting some golds hard on ernins.  TAHO is poundin' on 25k shares.  Not much that isn't extended.  ANV has been  consolidating the earlier jump, a little loose underneath, but nice longer term.  Mojo is with the GDX now, these are looking really good, hard to see them giving much back as some are just getting going.  Looks like a 100% extension off the recent consolidation gets us to 43.47 on the GDXJ.  Really still way down from last summer's highs

TAHO Best Jr. Chart Superb Breakout

Posted by cmunny on 10th of Feb 2014 at 11:33 am

Mouth watering pattern, looks ready to take the baton higher. Buy Chase Rating , Buy Milli Vanilli on any dip.  Goin' up!  Primero , extended  but very tight pattern underneath.  Buy chase rating.  Premier also has the closest appearance to the GDXJ in general, looks higher

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