Gold, silver & the mining stocks are at or near key resistance levels. Should both the metals & the miners make a solid & sustained break above resistance, that would bode very well for the longer-term outlook for the precious metals & mining sector. However, with the miners & metals at or near major resistance, [...]
This video covers GDX (gold miners etf) and some of the largest components of GDX that look to be at or near key long-term support levels with potentially bullish technical developments. As such, although gold & the mining stocks are still in a confirmed downtrend, the stocks covered in the video look to offer objective [...]
The following trades have been removed from the Long-term Trade Ideas category. EC: Failed to reach T1 before exceeding the suggested stop below 14.86. CDE: Hit the final target, T3 at 6.55 for a 56% gain earlier this year & should have been moved to the Long-Term Trades-Completed category back then. SGG: Fell just shy [...]
GFI (Gold Fields Ltd) was one of my top picks covered in the July 30th Gold & Gold Mining Sector video. At the time, had pointed out the nice basing pattern that GFI had formed with the next buy signal to come on a break above the 4.38-4.40 resistance level, which GDI has clearly taken [...]
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 [...]
The following securities are covered in this order: $GOLD (spot gold prices), GLD, KGC, AU, GFI, AKG, HMY, NEM & TRX.
GFI was one of my ten favorite mining stocks first mentioned as it hit a multi-year low on the morning of June 26th. The stock has hit & exceeded T2 (the second and final target) today and is current up about 40% since that first post. Therefore, consider booking full profits or at least raising [...]