CDE daily Jan 7th
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 official price targets if gold & silver continued to exhibit bullish price action. So far that is exactly what has happened recently with gold now trading healthily above the 1180 level and both precious metals moving higher recently despite the continue parabolic move higher in the US Dollar… very bullish action IMO although admitted it could prove to be only a short-term disconnect between the usually inverse relationship between the dollar & precious metals.
With the fact that I remain bullish on both the metals & the miners, CDE will remain an Active Long-term Trade with T3 at the current preferred target at this time while I will go ahead and consider the Active Long (i.e-swing) Trade (click on each trade category to read the definition of each) as completed here at T2. Therefore, consider booking partial or full profits and/or raising stops, depending on your trading plan.