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Gold & Gold Mining Sector Overview (Video)

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 gold prices ($GOLD) with some comments on the mining sector as well. Starting at the 6:25 mark, I begin covering the daily & weekly charts of some of the most promising long-term trade candidates in the gold & silver mining sector in the following order: AU, [...]

2017-03-08T21:20:52+00:00Jul 30, 2014 12:55pm|Categories: Gold & Commodities|Tags: , , , , , , , , , , , , , , |Comments Off on Gold & Gold Mining Sector Overview (Video)

AUQ (Aurico Gold) Final Target Hit

AUQ (Aurico Gold) has hit the final target, T3 at 4.00, for a 13.6% gain in just 4 trading sessions. Consider booking full profits or at least raising stops. Although this trade will now be moved to the Completed Trades category without any further updates, I have added a resistance level at 4.35 that could act as an additional price target for those who prefer to raise stops and let the position ride vs. booking full profits. At the very least, a reaction (pullback or consolidation) around this current resistance zone would be beneficial in helping to alleviate the near-term overbought [...]

2017-03-08T21:20:56+00:00Jun 11, 2014 11:41am|Categories: Completed Trades - Long, Gold & Commodities|Tags: |Comments Off on AUQ (Aurico Gold) Final Target Hit

AUQ Second Price Target Hit, T3 Price Level Added

AUQ (Aurico Gold Inc) has hit the second target for a gain of 8.2%. T3, which has been listed as a potential target on this trade since inception, is now the final target at 4.00. I had mentioned that I would likely extend this trade to the T3 price target several times including yesterday. My apologies for not making it official before T2 was hit today as I was busy working on the previously posted update to the mining stocks and metals not to mention the fact that AUQ has moved up very sharply in the last two days. As of [...]

2017-03-08T21:20:56+00:00Jun 11, 2014 10:35am|Categories: Completed Trades - Long, Gold & Commodities|Tags: |Comments Off on AUQ Second Price Target Hit, T3 Price Level Added

AUQ First Profit Target Hit, Silver Stocks

AUQ (Aurico Gold Inc) hit the first price target. 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 as SIL (Silver Miners ETF) is starting to push against the top of the aformentioned resistance zone/second buy trigger as I type with GDX (Gold Miners ETF) also making another new short-term high today, building on the near-term downtrend initiated off the June 29th lows. Both GLD (Gold ETF) & SLV (Silver ETF) are also trading higher today but I'd like to [...]

2017-03-08T21:20:56+00:00Jun 10, 2014 11:57am|Categories: Completed Trades - Long, Gold & Commodities|Tags: |Comments Off on AUQ First Profit Target Hit, Silver Stocks

GDX & SIL Update. Individual Mining Trades Outperforming.

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 zone, a continued move towards the top of the zone in the coming days is likely. Any pullbacks to the R2 level [...]

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2014-07-09T13:52:48+00:00Jun 5, 2014 12:55pm|Categories: Completed Trades - Long, Gold & Commodities, Trading Tips|Tags: , , , |Comments Off on GDX & SIL Update. Individual Mining Trades Outperforming.

AUQ (Aruico Gold) long entry

AUQ (Aurico Gold Inc) will be added directly as an Active Long Trade idea here around the 3.52 level. AUQ recently bounced off support on the daily chart following an extended downtrend. Zooming down to the 60 minute time frame, AUQ recently broke above this descending contraction channel/wedge type pattern, complete with bullish divergence in place on the MACD.  Two current price targets, T1 at 3.68 & T2 at 3.81, are shown on the 60 minute chart with a possible third target around the 4.oo level, which may be added depending on how both AUQ & GDX trade going forward. An [...]

2014-06-05T10:21:24+00:00Jun 5, 2014 10:21am|Categories: Completed Trades - Long, Gold & Commodities|Tags: |Comments Off on AUQ (Aruico Gold) long entry