Dollar and Gold Miner ETF Analysis
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…
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…
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. …
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…
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…
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…
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…
New Gold(NGD) Second Chance to Purchase
NGD came to its 20 day moving average and is closing at the high of the day reversing from being down most of the day shaking out weak hands. Buy…
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…
China Buying Gold
China is buying gold like crazy! http://www.chinamining.org/News/2009-06-08/1244423563d25443.html…
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