Gold stocks continue to do well, here's the list that was in my
commodities newsletter; all have done well. I wish I had
added these to the watchlist.
CDE, RGLD, have been nice. LIHR has really bounced nicely.
RGLD has a clear horizontal breakout at 45. I'll update
the gold stocks and gold in tonight's newsletter.
Posted by curranjohn46 on 3rd of Mar 2010 at 12:40 pm
I just sold my GDX position. Half my account was in
it. I averaged in around 41-42.50 area. I have to take
the money. Can't resist.
The daily chart trendlines for last couple of months on $HUI nd
$GDM make me think we have some resistance here. I am hoping
miners and gold retrace half their gains from the early February
low so I can buy back in for a run toward the November highs.
I emphasize "hoping."
Or you can use the BPGDM is you are really trying to give the
gold stocks room, however realize that it lags quite a bit.
However the last sell and buy signal have been pretty
good
Gold stocks
Posted by matt on 3rd of Mar 2010 at 11:27 am
Gold stocks continue to do well, here's the list that was in my commodities newsletter; all have done well. I wish I had added these to the watchlist.
CDE, RGLD, have been nice. LIHR has really bounced nicely. RGLD has a clear horizontal breakout at 45. I'll update the gold stocks and gold in tonight's newsletter.
CDE - bounced off support, resistance is 15.8
BVN - resistance downtrend line and the trendline over the BVN/GLD ratio
GSS - triangle
IAG - bounced off the 200 day MA, resistance is the downtrend line and watch the IAG/GLD ratio
LIHR - falling wedge with positive divergence
NAK - Breakout over 9.6
RGLD - Resistance 45.25, and watch the trendline over the RGLD/GLD raito
I just sold my GDX
Posted by curranjohn46 on 3rd of Mar 2010 at 12:40 pm
I just sold my GDX position. Half my account was in it. I averaged in around 41-42.50 area. I have to take the money. Can't resist.
The daily chart trendlines for last couple of months on $HUI nd $GDM make me think we have some resistance here. I am hoping miners and gold retrace half their gains from the early February low so I can buy back in for a run toward the November highs. I emphasize "hoping."
Here's a 60 min GDX
Posted by matt on 3rd of Mar 2010 at 11:40 am
Here's a 60 min GDX chart, keep an eye on the GDX/GLD ratio, also the 60 period stochastics appears useful
Or you can use the
Posted by matt on 3rd of Mar 2010 at 11:46 am
Or you can use the BPGDM is you are really trying to give the gold stocks room, however realize that it lags quite a bit. However the last sell and buy signal have been pretty good
BPGDM chart