SLV (Silver ETF) has hit T1 hit for a 5% gain. Consider booking partial or full profits and/or raising stops, depending on your trading plan. Reactions (i.e.- pullbacks and/or consolidations) are likely as each target level is hit although I favor at least T2 on SLV and may likely add some additional, longer-term targets as the case for a lasting bottom in both silver & gold have recently strengthened considerably with the breakout of the downtrend as well as the inverse head & shoulders pattern in gold. Couple the recent bullish price action in gold & silver (and the miners) with the fact that the dollar continues to soar to new multi-year highs and that gives us the potential for a very strong rally in the metals & miners if & when the dollar finally begins even just a half-decent pullback.
The “Long-term Trades- Completed” category lists trade ideas from the Long-term Trades category that have hit one or more of their price targets. Many trade ideas will list multiple targets as some traders might choose to hold some or all of the position for an additional target(s) after the initial target is hit. Therefore, many trade ideas on this site will often appear in both the “Active” and “Completed” categories simultaneously. Trades are removed from the Active Trades category either upon hitting the final target or if stopped out before then. Once removed from the Long-term Trades- Active category, these trades and all associated posts will be archived indefinitely in the Long-Term Trades- Completed category for future reference.
-+*CDE (Couer Mining, Inc) is approaching both horizontal (dashed) and downtrend line resistance while overbought on the daily RSI. As such, I am booking full profits here for a 45.5% gain from the original entry just over one month ago. The other factors leading to [continue reading…]
-+*CDE (Coeur Mining, Inc) has hit the second target, T2 at 5.82, for a 38.6% gain since the original entry less than one month ago (Dec 9th). My previous comments on this trade, including my own personal trading plan, was to make T3 and/or T4 [continue reading…]
-+*In spending time updating the trade ideas to make room for some new trading candidates, the following Long-term Trade Ideas will be moved to the Completed Trades category. These trades may or may not have hit one or more profit targets but all have either [continue reading…]
-+*There are a couple of significant technical developments on the CORN (Corn ETF) active Long Trade & Long-term Trade idea worth noting. From a longer-term perspective, the charts remain constructive and my expectation remains that prices will continue to work their way up to the [continue reading…]
-+*CDE (Coeur Mining, Inc) hit the first profit target (T1 at 5.25) for a 25% gain on Dec 23rd while I was away on vacation. So far, the inverse head & shoulders pattern is playing out nicely although I have yet to officially extend the [continue reading…]
-+*AGNC (American Capital Agency Corp.) has been an Active Growth & Income (long-term) Trade idea since Dec 9, 2013. After quickly reaching T1 for a quick 8.5% total return (with dividends), the stock went on to come within 2% of reaching the second & final [continue reading…]