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 [...]
SSRI SIlver Standard Resources) has hit the final target, T3 at 9.18 (recently trading as high as 9.19 so far today) giving this trade a 42.3% gain since entry just over one month ago. Typical swing traders should consider booking full profits while longer-term traders or investors should at least raise stops if planing to [...]
SSRI Second Target Hit SSRI (Silver Standard Resources) has hit the second price target, T2 at 8.22, for a 27% gain since the entry just 12 trading sessions ago. SSRI is now very overbought in the near-term while at a significant resistance level which is defined by the bottom of a thin zone [...]
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.
SSRI (Silver Standard Resources) hit a high of 7.22 (T1) so far today, for a gain of 11.8% from entry. Consider booking partial or full profits and/or raising stops, depending on your trading plan. T2 remains the final target for now although that is likely to be extended to T3 if SIL breaks out as [...]
With both GDX (Gold Miners ETF) & SIL (Silver Miners ETF) now solidly inside the thin zones, the chances for a continued move higher towards their respective targets is good. SIL gapped just above the top of the R1 downtrend line at the open today and hasn't looked back. With prices solidly inside the thin [...]
SSRI breakout June 3rd The SSRI (Silver Standard Resources) trade setup posted yesterday has triggered an entry on a break above the downtrend line on the 60 minute time frame. Price targets remain as previously posted (see chart) while suggested stops would be dependent on one's preferred price target(s), ideally using a R/R [...]