If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!After following and investing in the gold mining sector since 2000 I have tried to identify the major leaders in each run and greatest candidates for my capital. I am looking at great relative strength to the price of gold. …
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Transportation Average Falls Below 200 Day Moving Average, Confirms Bear Trend
On May 28th I wrote to subscribers to monitor the Dow Jones Transportation Average for failure at the 50 day or a break below the 200 day moving average. If any of these two signals occur then this will confirm we are changing trends and will be followed by a bear market where we could…
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U.S. Gold Leading Junior Miners, Drilling New Areas
U.S. Gold (UXG) is one mining company where the CEO puts his money where his mouth is. Rob Mcewen believes UXG will be on the SP500 and his aggressive drilling in Mexico is proving to the investment community that he has a major mine there. Rob owns 21% of the shares much more than any…
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Prepare For a Bear, European Debt Crisis Will Cause Another Wave Down
The failure to regain the 200 day moving average and the market breadth is very negative. Indicators remain very sold but the overall bearish breadth and the breakdown of many indices I use make me bearish. I am opening positions in short inverse etf's such as DXD and SDS to protect my equity positions. I…
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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 testing the 20 day moving average which is the short term "magnet" for the stock. The GDX has come back right where I thought it…
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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…
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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…
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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…
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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…
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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…
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