A brief overview of gold via GLD & /GC (gold futures) followed by detailed analysis, including price targets for my top picks within the components of GDX (gold miners ETF). This video starts out with brief analysis on gold & the gold mining sector via GLD, /GC & GDX followed by the outlook for the following gold & siver mining stocks (in this order): NEM, ABX, GOLD, KGC, AU, BTG, SBGL, EDV.TO (EDVMF), AGI, AUY, DGC.TO (DRGDF), PAAS, OGC.TO (OCANF), NGD, HL, TAHO, CDE, AG, SMF.TO (SEMFF), SSRM, TXG.TO, FVI.TO (FSM), SAND, GUY.TO (GUYFF), HMY & MUX. Playback speed can be [...]
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.
the MUX short trade entered the third and final target zone (T3) yesterday and came within pennies of the bottom of that target zone today so consider this trade completed. MUX (formerly symbol UXG when i first posted the trade back on january 24th) resulted in a 42% gain from the original entry price of 5.13 back on jan 24th and even higher gains on the next two additional entries posted. although this trade did exceed my original suggested stop level, i had updated the trade to mention that i was allowing for the fed-induced overshoot of that resistance level. the [...]
For optimal viewing, choose the "Watch on YouTube" option, then choose the HD quality and Large player settings the bottom right of the video window. MAY 30th UPDATE: PLEASE NOTE THAT SEVERAL OF THE TRADES ASSOCIATED WITH THIS VIDEO HAVE ALREADY BEEN COMPLETED AND ARE NOT LONGER ACTIVE TRADES. THEREFORE, IF YOU CAME HERE VIA CLICKING ON A SYMBOL IN THE ACTIVE TRADES CATEGORY, PLEASE GO TO THE RIGHT OF THE PAGE AND CHOOSE THAT PARTICULAR SYMBOL FROM THE "POSTS BY SYMBOL" DROP-DOWN BOX TO SEE IF ANY UPDATED POSTS HAVE BEEN MADE ON THAT TRADE. I EXPECT TO HAVE THIS [...]
MUX hit T2 while i was out last week. considered lowering stops to protect profits and/or taking some/all profits as it is quite oversold in the short and intermediate time frames.
fyi- T1 was hit (to the penny) today so consider taking some/all profits if you haven't already or at least ratcheting down your stops. this one could see T2 if GDX turns down at that resistance zone that i posted earlier and of course, MUX will have to break below T1 support as well.
for anyone in the MUX short, it has now (finally) hit T1. personally, i am holding out for at least T2 on this trade. i've made several posts along the way which can be found doing a search on both "MUX" and "UXG" (previous ticker symbol). this one was a short at resistance but as i mentioned, i was giving it a lot of room since it was on a near-parabolic momentum-fueled rip and therefore, an overshoot of resistance was not surprising. with that trade, i wanted to share this GDX 2-day chart. i mentioned shorting NUGT (3x long miners etf) [...]