Gold, silver & the mining stocks are at or near key resistance levels. Should both the metals & the miners make a solid & sustained break above resistance, that would bode very well for the longer-term outlook for the precious metals & mining sector. However, with the miners & metals at or near major resistance, [...]
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 exceeded their previously suggested stop criteria, exceeded any reasonable stop [...]
The following video covers spot gold prices as well as the gold mining sector including some of my top picks as potential long-term trade/investment ideas. As this video is quite lengthy, a brief summary of the items covered can be found in this order: About the first 6 minutes discusses the big picture on spot [...]
EGO Third Price Target Hit The EGO (Eldorado Gold) Long-Term Trade idea hit the third profit target (T3) yesterday, as well as today, for a 36% gain from entry. As discussed in the mining sector video posted earlier today, the odds for a pullback in the mining stocks are quite elevated at this [...]
For those wishing to skip ahead, the following securities are covered in this order: $GOLD/GLD, $SILVER/SLV, SIL, GDX, AUY, GPL, HMY, SSRI, ALIAF, EGO, HL, & KGC.
EGO daily March 5th EGO (Eldorado Gold Corp) pulled back after hitting T2 for a 23% gain on Feb 14th. A break above the recent highs would likely bring prices to the next target (T3). Click here to view the live chart of EGO
Although I wasn't planning on trading much this week, I have booked full or partial profits on numerous positions, including both the aforementioned Growth & Income Trade Ideas as well as GDX and numerous individual gold & silver mining stocks. All in all, I have probably booked profits on at least 2/3rds-3/4th of my total [...]