Archive for May 2009
best penny stocks, copper, gold, gold management, gold mining, good penny stocks, hot penny stocks, investing, market summary, mining stocks, New Gold, stock
In Stock Movers on May 31, 2009 at 10:37 pm
Last week we wrote on the blog about New Gold and the opportunity the chart was presenting to us. We put a buy point at $2.50. On Friday it closed at $3.10 which was a 24% gain for our followers. This was a breakaway gap as it broke out of a base on more than three times normal volume. Breakaway gaps usually do not fill. As the mining sector is overbought there might be opportunities to buy NGD at a cheaper price if there is some overall weakness. Otherwise this is a classic breakaway gap which usually preceded major moves to the upside. So to all our students who got in when we posted are in a great postion.
bond, china, copper, dollar, gold, gold mining, investing, market summary, mining stocks, stock, stocks, trades
In Market Analysis on May 31, 2009 at 9:54 pm
The S&P 500 remains above the 20 and 50 day moving average. The S&P has moved sideways making a base after breaking out to the downside of a rising wedge pattern. This rally has been on low volume. So this rise has been on the back of other factors such as a seriously declining dollar, a bear market in treasuries and a major rally in the emerging markets.
If you remember when the stock market crashed last year everyone was running into treasuries and the dollar. Now the opposite is the case people are running out of treasuries and cash. The stock markets have rallied and companies with real commodity assets are soaring. It seems as though the opinion that a deflation will precede inflation has been confirmed.
The dollar was hit hard on Friday leading to a huge rally in gold mining stocks and basic materials. 
As you can see the rally is impressive, however it is extended. Investors need to be cautious in chasing after this sector.
Last week I showed the chart of TBT which is the short etf fund and I mentioned not to get to excited and wait for a pullback. That pullback has come and from the high volume sell off it seems as though the pull back could take longer as it is extremely overbought. I would wait until it approaches the 50 day moving average before taking new positions.
The rally in China is strong and hope has come back that the worst is over which has caused a major upturn in commodity industrial stocks. As you can see the I Shares Hong Kong is much more impressive than the US indices. Other emerging markets such as Brazil and India are also outperforming.
That’s it for this week.
best penny stocks, copper, dollar, gold, gold management, gold mining, investing, market summary, mining stocks, New Gold, stock, stocks
In Stock Movers on May 28, 2009 at 2:51 pm
This is a great point to buy New Gold. They have just combined with Western Goldfields. They will produce enough gold to be able to fund their development project in British Columbia called New Afton. This project has close to a billion pounds of copper. When buying a gold company making sure you have the management to grow and finance a company is crucial. They have the top minds in the field behind this company. Buying here at 2.50 is a great point to get in.
best penny stocks, copper, dollar, gold, gold mining, good penny stocks, hot penny stocks, investing, market summary, mining stocks, taseko, trading
In Stock Movers on May 28, 2009 at 1:38 pm
The volume is good on Taseko above average today to qualify as a breakout. Let’s hope it closes at the high of the day as more investors pile in and recognize the breakout.
best penny stocks, china, dollar, gold, gold mining, investing, market summary, mining stocks, moly, molybdenum, morning stock pick, penny stocks
In Stock Movers on May 28, 2009 at 9:35 am
Genereal Moly has one of the largest undeveloped molybdenum mines in North America. Moly is necessary for high strength steel which is used in many industrial applications such as oil drilling and nuclear reactors. Demand is growing again as the economy is bottoming out in China and in other emerging markets. A breakout through $2 on volume will catapult this stock to $5. Arcelor mittal put a lot of money into this company and I wouldn’t be surprised if they got a takeover bid at this level from Thompson Creek Metals.
best penny stocks, bond, copper, dollar, gold, gold mining, good penny stocks, hot penny stocks, investing, mining stocks, penny stock, taseko
In Stock Movers on May 28, 2009 at 9:27 am
It is crucial to look for a follow through on yesterday’s huge volume rise. Today will give many investors another chance to get in before the next leg up.
bond, dollar, gold, government bailout, investing, market summary, mining stocks, stock, stocks, top penny stocks, trades, trading
In Market Analysis on May 28, 2009 at 8:57 am
“Our nation’s system of retirement security is imperiled, headed for a serious train wreck. That wreck is not merely waiting to happen; we are running on a dangerous track that is leading directly to a serious crash that will disable major parts of our retirement system.”
– John Bogle, Feb. 24, 2009
Many people we come across tell me they are invested in the market with a financial adviser and they don’t even look at what they are invested in are how they are invested. They place their hard earned money in load mutual funds where they pay huge fees in ignorant bliss.
So many have lost their retirement or as Madoff has shown these so called advisors are emperors with no clothes. Buy and hold investors have been destroyed or in some cases duped.
In this blog we highlight specific companies that are breaking out using technical analysis. Technical analysis gives one of the tools to know which direction the market is going. We look at price and volume. We also look at key fundamentals of a company that has the ability to grow. Staying on the right side of the trend and managing risk is crucial to make good returns and have a retirement.
Finding small companies that are about to grow exponentially gives one the opportunity to make huge gains. Please follow along as we recommend low priced companies that are about to explode higher. I’m sure you won’t regret it. We do our research, we take chances, and we admit when a trade or stock has went against us and we preserve capital. Straight talk…no double talk from other so called financial experts.
bond, dollar, government bailout, investing, market summary, short, shorting, shorts, stock, stocks, treasuries, treasury
In Market Analysis on May 28, 2009 at 8:11 am
This chart is showing the short long term treasury ETF. What TBT is showing is that higher long term interest rates and risk of inflation is here. Look at the breakout on May 7th and the beautiful retest at the 20 day moving average to give a secondary buypoint. Interest rates will be rising and prices of treasuries will continue to decline. If you want to follow this trade look for a pullback to the 20 day moving average or around $53.
copper, dollar, gold, gold mining, mining stocks, penny stock, stock, stocks, taseko, top penny stocks, trades, trading
In Stock Movers on May 27, 2009 at 6:34 pm
Yesterday I gave a signal that Taseko would breakout of the symmetrical triangle formation. Today it did on huge volume. I believe this will be a quite profitable trade at this point.
descending triangle, DJIA, investing, market summary, nasdaq, short, shorting, shorts, stock, stocks, trades, trading
In Market Analysis on May 27, 2009 at 6:09 pm
The Nasdaq remains above its moving averages despite have light volume to support it. It is concerning because Nasdaq and Dow Jones appears to making a descending triangle pattern after a rising wedge formation. A break on volume at this point would cause the indexes to retest the March low. It would be nice to see some volume on a break down to 82.25 on the DJIA Diamonds and 32.75 on the Nasdaq to confirm the descending triangle. The lack of volume on this run up from March is quite concerning.
copper, dollar, gold, gold mining, government bailout, market summary, mining stocks, stock, stocks, top penny stocks, treasuries, treasury
In Market Analysis on May 27, 2009 at 2:51 pm
Investors are nervous of the government sales of treasuries which is causing the late afternoon selloff. The oversupply of treasuries and Fed’s balance sheet is a concern we should all have. How long can the government be bailing out and spending like there is no tomorrow?
best penny stocks, copper, dollar, gold, gold mining, good penny stocks, hot penny stocks, mining stocks, penny stock, penny stocks, stock, taseko
In Stock Movers on May 27, 2009 at 11:49 am
Taseko is breaking out on good volume through the symmetrical triangle formation…good volume!
bond, copper, dollar, gold, gold mining, market summary, mining stocks, penny stocks, stock, stocks, treasuries, treasury
In Market Analysis on May 27, 2009 at 8:12 am
best penny stocks, copper, dollar, gold, gold management, gold mining, good penny stocks, hot penny stocks, mining stocks, penny stock, penny stock picks, penny stocks, taseko
In Market Analysis on May 26, 2009 at 11:19 pm
Taseko is on the verge of a major breakout. Great project…there is a little opposition to the Prosperity mine but that is minimal to the economic benefits to the region. This is a great managed company. Notice it closed on higher volume then the previous day even though it was below average volume. Look for volume through 1.60.
best penny stocks, copper, gold, gold management, gold mining, good penny stocks, hot penny stocks, market summary, mining stocks, penny stock, penny stock picks, penny stocks
In Market Analysis on May 26, 2009 at 6:05 pm
The Dow was up and regained to stay above the 20 day moving average even though volume remains quite light. It does look that the market is rounding and price volume action is poor. Be careful. 
Look at GLD. Gold closed near the high of the day after opening up lower. Price volume action is good as it approaches all time highs. Look for GLD to pull back to 20 day before breaking out into new high territory.
best penny stocks, bond, gold, gold mining, good penny stocks, hot penny stocks, mining stocks, penny stock picks, penny stocks, top penny stocks, treasuries, treasury
In Market Analysis on May 26, 2009 at 3:07 pm
We are broke…dollar has fallen significantly as well as long term treasuries. Look at the chart of the TLT versus GLD. I believe this trend will continue and now with a lower price of oil and labor select mining stocks will make nice returns.
best penny stocks, copper, gold, gold management, gold mining, good penny stocks, hot penny stocks, mining stocks, penny stock, penny stock picks, penny stocks, top penny stocks
In Stock Movers on May 26, 2009 at 12:09 pm
New Gold is an intermediate gold producer with great projects. They just aquired Western Goldfields. They have the cash flow to grow and develop new projects such as the New Afton project in British Columbia. Their management is the best in the business. Some of the directors ran Newmont and Goldcorp. They know how to finance gold companies and have a history of success for their shareholders.
Look for a breakout.
best penny stocks, copper, dollar, gold, gold mining, good penny stocks, hot penny stocks, mining stocks, penny stock, penny stock picks, penny stocks, taseko
In Market Analysis on May 26, 2009 at 9:23 am
Symmetrical Triangle
The copper chart above shows a potential breakout which could lead copper significantly higher. The dollar’s chart as well as the long term treasury chart is extremely bearish this is due to two major reasons the excessive debt the USA is getting itself into and the fear that it will not pay back its debts. Also the copper chart is showing that the global economy is improving which is also bearish for cash as institutions want to invest that cash. There is a huge amount of cash on the sidelines about to be put into key stocks that will protect against inflation. Taseko (TGB) already has a great copper mine that will only be more profitable as copper rises and they are at the ground floor of the major Prosperity project in British Columbia which is one of Canada’s leading undeveloped gold-copper mines. This is a great way to be leveraged to the price of gold and copper.
best penny stocks, china, copper, gold, gold mining, good penny stocks, hot penny stocks, mining stocks, penny stock, penny stock picks, penny stocks, top penny stocks
In Stock Movers on May 26, 2009 at 1:40 am
- Symmetrical Triangle Formation…Look out for breakout on volume! MACD about to cross. Great Story with prosperity permitting coming out soon.
Cheaper oil and labor costs coupled with the massive money supply will give a chance to make huge gains on certain mining stocks. The secret is out China is buying gold and are nervous with the US paying back its debt. Select mining stocks will give investors the opportunity to make huge gains and protect themselves of the folly that is going on in Washington.
I want you to take a look at this chart of the dollar and the long term treasuries. They are both very bearish charts. The dollar has a head and shoulder reversal pattern. In December there was heavy institutional selling followed by a retest of the high on low volume. Each time it has tried to retest its 50 day moving average it fails. 200 day in danger of turning negative meaning that inflation is on its way. Both treasuries and dollar appear to be very bearish on the GDX which tracks mining stocks is giving a very bullish picture as we just had a breakout. I would wait for GDX to pull back to its 20 day moving average or the 38.50 are before buying.