Technical analysis on my favorite trade ideas within the gold mining sector covering the outlook for a total of 13 individual gold & silver mining stocks. The following stocks are covered in this order: SBGL, CDE, TAHO, SSRM, AG, MUX, BVN, EGO, FNV, RGLD, KGC, GFi & IAG. Video playback speed can be increased in the settings to reduce playback duration.
BVN is one of several active long mining stocks that has pulled back after coming within 1 cent of it's first target. BVN made a successful backtest of the downtrend line on that pullback and has since moved higher. Like most of the other mining stocks, these pullbacks are healthy behavior as they help to alleviate the near-term overbought conditions and allow for a new set of buyers to enter the stocks. However, do not become complacent on your stops as I still have my suspicions about whether or not the gold & silver stocks have actually put in a solid [...]
BVN is another mining stock that I've been watching which has triggered a long entry on the break of these dual resistance levels (downtrend & horizontal resistance). I would prefer to see more volume on this move but as I've been stating, low volume breakout, although a possible sign of non-confirmation, seem to be the norm lately. Targets and suggested stop for T2 (preferred target) listed on this 60 minute chart.