GG 60 min 3All of the gold & silver mining longs, including GDX still look fine for now but I did noticed that GG exceeded both of the previous posted suggested stop criteria last week with several 60 minute candlestick closes well below the lower stop level and as such, will be removed from the Active Trades category.

GCAP had a couple of very brief intraday spikes below the suggested stop of under 4.12 and did manage to print a very slight (3 cents) close below that level on Friday and the end of day impulsive drop into the close but moved right back above today and so far, the recent dip has just proved to be a backtest of the uptrend line/top of the bullish falling wedge and so I will continue to leave this one on for now with a stop to be triggered on a close below 4.12.

MAKO, as expected, has pulled back since hitting the first target recently for a 16.2% gain.  For those who took partial or full profits there, so far today the stock has put in a potential reversal candlestick so one could re-enter their position around current levels with the appropriate stops in place.  Those who are still long and planned to ride out any pullbacks along the way to one of the higher targets might consider a stop at or above entry in order to protect gains or assure a breakeven on the trade.  The remainder of the active longs still look fine for now.