Yearly Archives: 2009

Dollar and Gold Miner ETF Analysis

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting! As we can clearly see that the dollar is having a bear rally.  The moving averages and the trendline is acting as resistance.  The dollar opened up today and is testing the 20 day moving average which is the…
Read more

Oil Versus Gold Chart Analysis

The spread of the price of gold to oil is extreme and there seems to be some interesting opportunities in the energy exploration and energy services area.  Recently a lot of money has been flowing into both of these areas and the trends are changing.  Projects that would not work at $40 a barrel would…
Read more

One of the Best Gold and Silver Mining Exploration Stock U.S. Gold

Today U.S. Gold (UXG) came out with exceptional drilling results.  As I announced last week before there meeting in New York, that I believed that important news will come out.  Their El Gallo project is quite impressive as they are observing increasing mineralization and they are continuing to explore the property they acquired from Nevada…
Read more

DIA Showing Distribution

I posted a few days ago that DIA is approaching resistance at 9000 and this rise has been on light volume.  Some people have said that is because of  summer where trading decreases.  However, there is a lot of money sitting on the sidelines.  If it was a true beginning of a bull then it…
Read more

Car Sales Soar in China

Base metals soared today as car sales in China are increasing at a rapid pace.  Taseko, New Gold and General Moly are  companies with huge deposits that have not been developed.  TGB and NGD are producing now so they will have cash flow. Inflation is kicking in and the long term prospects of these companies…
Read more

GDX Chart Analysis 6-9-09

On a previous update I mentioned not to get too excited by buying the miners when they are overextended.  Look for strength as the mining index will come back to support which was previous resistance at 37.50.  Notice the upward sloping trendline that will act as support as well.  Coincidentally it appears as the 20…
Read more

Molybdenum Companies Increasing Production

Thompson Creek came out with a news item today which states that it will increase production of molybdenum due to the improved market conditions.  This is what we saw here a few months ago in the charts of Thompson Creek and General Moly.  We believe that this is an opportune time to get into commodities…
Read more

Stock Market Update. Important Week for DOW. 6-6-09

Major resistance is being approached for the DOW.  Notice the trendline and resistance where it failed three times in December of 08.  Overhead resistance and lack of volume on the recent rally tells us to be careful and to be ready for a shorting opportunity.  Stay Tuned!  Make sure you have trailing stops set up.
Read more