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.
ALIAF daily March 20th ALIAF (Alacer Gold Corp) hit the second target for a 63% gain on Friday. I just noticed that the previous chart had erroneously listed T2 as the first of the downtrend line or the 2.65 level. Obviously the 2.65 level was a typo as T1 was at 2.63 and the horizontal line where T2 was placed was always drawn on the 3.17 level. Therefore, the annotation listing the targets on the top of the live chart has been corrected to list T2 as the first of the horizontal line (3.17) or the downtrend line [...]
ALIAF daily March 5th ALIAF (Alacer Gold Corp) is one of many gold & silver mining stock trades that recently hit one or more profit targets. Most of those trades were briefly mentioned as having hit a profit target but for archiving purposes, here's the updated static chart along with a link to the live chart of ALIAF. ALIAF was first added as a trade idea directly to the Live Charts page back on Dec 18th while at a key support level with bullish divergences in place. ALIAF was up approximately 42% from that point when it hit the [...]
ALIAF daily Jan 16th ALIAF (Alacer Gold Corp) was one of the top picks in the mining sector added to the Live Chart Links page on Dec 18th. As ALIAF is a low-priced, over-the-counter gold stock, it would be best to adjust the position size down to account for the above average risk and return potential. In addition to the stock recently falling to a key support while forming positive divergences on the MACD & RSI, volume has surged on the buying off that support level. Currently the stock is just shy of the Dec 16th reaction high of [...]
I started easing back out of vacation mode yesterday and spent some time combing through the charts, particularly gold & many individual mining stocks. With $GOLD now within a hair of my preferred target (primary uptrend line) just in time for the new year, this looks like an objective time to begin scaling into to gold and select mining stocks as long-term trades with stops commensurate with one's preferred target level(s). I've added several additional gold & silver miners to the Live Chart Links page, many of which list clear buy levels such as a break over a well-defined downtrend line [...]
Several new charts have been added to the Live Chart Links page including several new global stock indices as well as some gold & silver mining stocks which appear to be setting up in potentially bullish chart formations. Most of these charts are marked with basic trendlines and horizontal support & resistance levels with prices targets as well as additional annotations to be added in the coming days & weeks as well as some additional trade ideas in the mining sector. As I'm still leaning towards a marginal new low (below the late June lows) in gold prices, as well as [...]