I have been buying and selling gold stocks since 1974.  I have been a financial advisor for the past 19 years. My best advice is if you are long term bull on these stocks, as I am, you should always have some in your portfolio. You can use this current period to rebalance when we get a sell signal. Secondly, you should always have a trading position either short or long. If things get bad you can use puts to hedge your position. Matt's systems provide great guidelines.

Matt - Looks like Renko chart on SLV might be a good way to trade it. Any comments on box size etc. Please post.

RGLD up 3.85%, FNV up 4.59%. Both stock hitting new highs and both get their revenues from royalties.

ABX down 2.60 is 16% of GDX

After analysis of the P&F charts, those stocks closest to a buy are: GOLD @ 93 and SSRI@ 13.50. GOLD typically turns first because of it's high price and 1 dollar box size. Would probably get a Renko buy before a BPGDM buy.

GGN is primarily an income vehicle. They write covered calls. It should not be used for capital appreciation. I've been following it for years.

http://www.gabelli.com/Gab_pdf/factsheets/-116facts.pdf

http://comments.cftc.gov/publiccomments/viewcomment.aspx?id=57019

It appears that the Long Term tools haven't been updated since the 50day EMA has just passed the 200day EMA.

Looking for someone to doublecheck.

If MFN opens 13 or lower this AM. I give this a 95% probability. This it will cause the stock to register a  P and F sell signal and bring the value down to 62.06 (18/29) and register a sell.

Thanks, where did you get the info?

Anyone have current real time value?

You have to be careful with CEF because it has a few surprises. First it will have a secondary from time to time and stock could be down a few percent. Also it has a lot of silver so you won't catch a gold move.

Advice - buy CEF on the dips for your long term holding.

Trade GLD instead.

Additionally, if gold can break it's recent high it should hit 1900 easy.

Reason - it will be able shake off the effects of higher margin requirements.

BVN hitting 36 triggers a point and figure sell signal and probably a GDX sell.

Gold is having some wild swings. Was down as low as 1274.8 now 1306

Suggest if you can short GDX, try shorting some of the weaker mining stocks or maybe you can short GDXJ

Now 58.06%

Currently 54.84%

It has currently moved to 51.6%

I will try to keep you alerted