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Long-Term Trades Category Updated

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 (if none suggested) or simply no longer look compelling from a risk-reward perspective. All completed trades, including all related posts & charts associated with each trade, are indefinitely archived in the Completed Trades category (and respective sub-categories) for future reference. Long-term Trades are trade or investment [...]

2017-03-08T21:20:42+00:00 Jan 5, 2015 10:43pm|Categories: Long-Term Trades- Completed|Tags: , , , , , , , , , , , , , , , |Comments Off on Long-Term Trades Category Updated

ANV Update + First Target Hit

ANV daily March 5th ANV (Allied Nevada Gold) has been consolidating around the T1 level since hitting that profit target for a 40% gain on Feb 3rd. With negative divergences in place, we could see one more pullback below the T1 level before the next thrust higher toward T2 but longer-term, the charts remain bullish. Click here for the live chart of ANV

2017-03-08T21:21:04+00:00 Mar 5, 2014 1:58pm|Categories: Gold & Commodities, Long-Term Trades- Completed|Tags: |Comments Off on ANV Update + First Target Hit

Reducing Exposure to Gold Mining Sector

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 exposure to the mining sector today & would prefer to wait for a pullback before adding back exposure to the sector. I plan to post the updated static charts and some additional commentary on these trades over the 3-day weekend but until then, here are some [...]

2014-02-14T15:43:19+00:00 Feb 14, 2014 12:04pm|Categories: Completed Trades - Long, Gold & Commodities, Long-Term Trades- Completed|Tags: , , , , , , , , , |Comments Off on Reducing Exposure to Gold Mining Sector

ANV Resumes Trading

ANV resumes trading ANV (Allied Nevada Gold) has finally opened for trading with the stock gapping up to just shy of the first target (T1) level.  Apparently, Allied Nevada has responded to the buyout offer from China Gold Stone and has questioned the credibility of the offer (click here to view the report from MarketWatch).  Regardless of what does or does not happen with this questionable buyout offer, the chart of ANV remains very constructive and my profit targets remain as previously shown.  I have also updated the live chart of ANV to list the specific suggested target levels [...]

2017-03-08T21:21:08+00:00 Jan 14, 2014 1:43pm|Categories: Gold & Commodities, Long-Term Trades- Completed|Tags: |Comments Off on ANV Resumes Trading

ANV (Allied Nevada Gold) Buyout Offer

ANV daily chart Jan 14th The ANV (Allied Nevada Gold Corp) Active Long Trade is halted today on news of a buyout offer at 7.50/share, which is also my final target (T2).  Although there is some buzz about the stock being valued at over $9.00 share (click here to view article), T2 remains my final target and the trade will be considered completed, should the stock trade at 7.50 or higher upon opening.  The live chart of ANV can be viewed by clicking here (although as of the time this post was publish, the stock remains halted and has [...]

2017-03-08T21:21:08+00:00 Jan 14, 2014 12:57pm|Categories: Gold & Commodities, Long-Term Trades- Completed|Tags: |Comments Off on ANV (Allied Nevada Gold) Buyout Offer

ANV Long Entry Triggered

ANV (Allied Nevada Gold) Daily Chart ANV (Allied Nevada Gold Corp) was one of several mining stock trade setups from the Live Chart Links page to trigger a long entry today.  As all of the gold & silver mining stocks listed under the Live Chart Links page are my favorite swing trade candidates in the sector for 2014, consider all of these as either Trade Setups or Active Long Trades (see each chart for the entry criteria/breakout level(s), and targets).  With the mining sector up about 4.25% today, several of those trade ideas took out key downtrend lines and/or [...]

2017-03-08T21:21:09+00:00 Jan 2, 2014 10:38pm|Categories: Gold & Commodities, Long-Term Trades- Completed|Tags: |Comments Off on ANV Long Entry Triggered

Time to Start Buying Gold

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 [...]

2017-03-08T21:21:09+00:00 Dec 31, 2013 11:21am|Categories: Completed Trades - Long, Gold & Commodities, Long-Term Trades- Completed|Tags: , , , , , , , , , , , , , , |Comments Off on Time to Start Buying Gold