I like the pattern on this one and today's increased
volume. Bought it a few days ago. It certainly can be
whippy and volatile. Drill core results are being released
soon.
As a former finance guy I can attest to the trash that is on the
balance sheets of Canadian banks, one of the reasons I got out of
the business a couple years ago.
Canada did not have the big real estate correction that you had
in the States in 2005-2007, it is a bubble overdue to pop.
Draft form of my Dow GDX trading system is really a rough guide
suggesting which sector should outperform after the signal is
given. It is subject to whipsaws that I have been
unsuccessful filtering out to date.
Sell the Dow and Buy GDX signal was given yesterday at the close
as the 34 Stoch closed below 85%. A buy Dow sell GDX signal
was last given on April 20.
It is not particularly reliable, but is interesting to compare
to some of the GDX systems/guides that Matt and Steve
developed.
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Yield curve worries
Posted by pwb8 on 20th of Jun 2017 at 03:53 pm
Could Matt and Steve share their views.
Potential Double Bottom
Posted by pwb8 on 20th of Jun 2017 at 03:32 pm
Osisko mining
Another energy stock starting to break out of wedge
Posted by pwb8 on 20th of Jun 2017 at 02:21 pm
ERF.TO
Fracing company has my attention
Posted by pwb8 on 20th of Jun 2017 at 12:38 pm
Beat up with divergent low on the daily. Hourly chart has a hammer. Might just be mean reversion play.
Welcome back Saturn
GDX - \\\Latest///...
Posted by pwb8 on 20th of Jun 2017 at 10:21 am
I've been eyeing that gap also to see if it holds.
TET.TO update
Posted by pwb8 on 12th of Jun 2017 at 03:26 pm
Nice follow through so far.
Calfrac - energy stock
Posted by pwb8 on 12th of Jun 2017 at 11:51 am
Have small position in this one too. I like Friday's volume.
TET.TO coil pattern
Posted by pwb8 on 12th of Jun 2017 at 10:47 am
I'm in this one - may break out soon
VRX.TO
Posted by pwb8 on 31st of May 2017 at 12:49 pm
Valeant might finally be ready for a decent bounce off the 61% fib retracement.
It broke minor symmetry on the daily chart recently.
I'm putting in a trigger at 16.40 and we'll see what happens.
Speculative gold play GPY.V
Posted by pwb8 on 26th of May 2017 at 12:49 pm
I like the pattern on this one and today's increased volume. Bought it a few days ago. It certainly can be whippy and volatile. Drill core results are being released soon.
Thanks for the short idea Steve
USO Views
Posted by pwb8 on 25th of May 2017 at 12:56 pm
Made a small fortune trading HOD on the TSX.
Great analysis as always at BPT.
60 min GDX H&S potential
Posted by pwb8 on 22nd of May 2017 at 11:47 am
Watching for a breakdown.
Also GLD has a double top on the 60 min chart.
Scaaary
damn spook is back
Posted by pwb8 on 18th of May 2017 at 08:48 pm
Good analysis
https://rambus1.com/2017/05/17/oh-canada-a-cold-wind-blows-from-the-great-white-north/
Posted by pwb8 on 17th of May 2017 at 02:38 pm
As a former finance guy I can attest to the trash that is on the balance sheets of Canadian banks, one of the reasons I got out of the business a couple years ago.
Canada did not have the big real estate correction that you had in the States in 2005-2007, it is a bubble overdue to pop.
Gold ascending broadening wedge?
Posted by pwb8 on 11th of May 2017 at 04:00 pm
This is a pattern that has me cautions on gold stocks despite a buy signal from the mechanical system.
Experimental GDX trading guide
Posted by pwb8 on 11th of May 2017 at 08:28 am
Draft form of my Dow GDX trading system is really a rough guide suggesting which sector should outperform after the signal is given. It is subject to whipsaws that I have been unsuccessful filtering out to date.
Sell the Dow and Buy GDX signal was given yesterday at the close as the 34 Stoch closed below 85%. A buy Dow sell GDX signal was last given on April 20.
It is not particularly reliable, but is interesting to compare to some of the GDX systems/guides that Matt and Steve developed.
Dollar Yen and Gold
Posted by pwb8 on 3rd of May 2017 at 01:15 pm
Noticing a possible ending diagonal on the Dollar Yen currency cross and falling wedge on Gold on 4 hour futures charts. Both have MACD divergence.
Sorry can't post a chart right now.
GDX possible support area
Posted by pwb8 on 26th of Apr 2017 at 10:41 am
I calculated this support area based on the upper trendline some time ago.
It will be interesting to see if GDX bounces from here.
Little GDX head & shoulders
Posted by pwb8 on 17th of Apr 2017 at 11:54 am
15 min chart
1 hour rising wedge also in play (not shown)
Sold my gold stocks just now
GDX and GDXJ
Posted by pwb8 on 11th of Apr 2017 at 12:32 pm
Will wait for another opportunity.