FNV tgt $58.88 but probably retest the b/out , at least, b4
that. FNV never really broke down in the whole spring
thing. OGC.TO $3.71 2012 highs in play. Semafo, new
highs, $5.24 tgt. ASM, back through a fib line, perhaps ,
retest of spring highs.
The GDXJ_CMNY_A portfolio is currently up 79% YTD on the
original eight picks. We are once again dusting the best
non-leveraged ETFS across the globe, JO and SCIF (India
small-cap) making beans in the low 50%s . Adjustments done on
5/2/14 (worst date possible last few weeks) would affect that
number a little bit. Recent add Torex TXG.to is up 35% from
date of inclusion, with DGC.to Detour close behind.
MVG, RGLD, TAHO GOLD, RGLD all looking very good in the B
portfolio. SSRI, KOR.to on watch, AG was booted already.
Several of these were making new highs all along in the recent
scamdown and most were highly positively divergent with the
sector. This is why I dislike index analysis, very
misleading, with all the short / long arbitrage going on.
Huge bars today passed through significant resistance ( now
support) today. Upside targets look iffy, but the
$58.88 on FNV is worth watching. Looking to used sector
collars, with more bearish hedges 5-7% farther up.
Assuming 100,000 start, $179,000 (current as of close) ,
about a 1/3 costless collar on the entire amount, using GDXJ
collar, is about 15 contracts (1 contract $4200 equivalent,
about $63,000 hedged). Will use the Aug 45 / 39
at 0.05 credit.
TAHO charts pretty well , too , should bounce off old highs
below. MVG, some support at the midpoint of yesterday,
probably grind a bit higher before larger support.
Fortunately, filled AUMN 1.42 limit orders at fib level,
yesterday, about the only way to deal with some of these. NGD
hit old fib line, filled gap, looks very good long any lower
Goldgram Update - Rally targets
Posted by cmunny on 20th of Jun 2014 at 02:24 am
FNV tgt $58.88 but probably retest the b/out , at least, b4 that. FNV never really broke down in the whole spring thing. OGC.TO $3.71 2012 highs in play. Semafo, new highs, $5.24 tgt. ASM, back through a fib line, perhaps , retest of spring highs.
The GDXJ_CMNY_A portfolio is currently up 79% YTD on the original eight picks. We are once again dusting the best non-leveraged ETFS across the globe, JO and SCIF (India small-cap) making beans in the low 50%s . Adjustments done on 5/2/14 (worst date possible last few weeks) would affect that number a little bit. Recent add Torex TXG.to is up 35% from date of inclusion, with DGC.to Detour close behind.
MVG, RGLD, TAHO GOLD, RGLD all looking very good in the B portfolio. SSRI, KOR.to on watch, AG was booted already.
Several of these were making new highs all along in the recent scamdown and most were highly positively divergent with the sector. This is why I dislike index analysis, very misleading, with all the short / long arbitrage going on.
Huge bars today passed through significant resistance ( now support) today. Upside targets look iffy, but the $58.88 on FNV is worth watching. Looking to used sector collars, with more bearish hedges 5-7% farther up.
GDXJ collars , for model portfolio
Posted by cmunny on 20th of Jun 2014 at 10:56 am
Assuming 100,000 start, $179,000 (current as of close) , about a 1/3 costless collar on the entire amount, using GDXJ collar, is about 15 contracts (1 contract $4200 equivalent, about $63,000 hedged). Will use the Aug 45 / 39 at 0.05 credit.
TAHO MVG AUMN NGD targets
Posted by cmunny on 20th of Jun 2014 at 02:16 pm
TAHO charts pretty well , too , should bounce off old highs below. MVG, some support at the midpoint of yesterday, probably grind a bit higher before larger support. Fortunately, filled AUMN 1.42 limit orders at fib level, yesterday, about the only way to deal with some of these. NGD hit old fib line, filled gap, looks very good long any lower
nice post! And yes some
Posted by matt on 20th of Jun 2014 at 03:08 am
nice post! And yes some really awesome moves in some of these stocks such as MVG, wow