As Strath predicted about Precious metal Silver & Gold we took a postion on MUX on 28th as it tested EMA 9.
Whose buying NUGT? I think that gold and miners are very over extended would you buy NUGT now? It could make you the guy holding the bag when it opens 20% down. Its just too late in the cycle to buy NUGT here. I'll wait for a pullback to get in. Buy DUST? Not sure I would do that any time soon. Too hard to tell. If you listen to others shorting a baby bull is a...
Recently broke out of upper downtrend line, but encountering resistance.
GDX, Looks like the miners are getting close to a buy. The RSI is approaching the oversold area on the daily chart. I expect a week of consolidation (note similar blue boxes) with a drifting down to the $12.72 area. This will be the BUY. It will give the daily chart time to reach way over sold. Then we can jump in and get a $2-$3 jump in GDX. We will sell when the...
Trying hard to break out of this channel. 50 DMA should be $1.23-$1.27 area next week
Looking good here. Hope we can break out of this channel next week
I think bottom could be close. Love to see RSI stay above 30 this week
Rob Mcewen started Goldcorp (GG). He took the mkt cap from 50M to 30B. This is his new company. He owns 110M in stock. He has ZERO salary. He is the most on CEO out there. ZERO DEBT. They own one of the largest copper deposits in the world, with 20B pounds. Monetized, this will bring 400M. The mkt cap will triple.... and thus will the stock price