Category Archives: Latest Commentaries

GMO Update General Moly

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!General Moly had a major follow through today closing near the high on huge volume.  If you were following since last Wednesday you would have a nice profit.  I believe this company could run to at least 4.25.   It seems…
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GMO General Moly Update

Last week we gave a morning update to anticipate a breakout at $2.  On Friday the stock catapulted through 2 to reach2.13 up 12% at more than 4 times normal volume.  What a breakout. We are extremely bullish on molybdenum.  This element is used in so many industries and applications from refineries to nuclear reactors. …
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NGD New Gold Update

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…
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Market Summary Week Ending 5/29/09

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, …
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New Gold (NGD) Great Buy

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…
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Taseko is Up on Higher Volume

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.
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Morning Stock Pick General Moly (GMO)

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…
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Taseko (TGB)

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.
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Retirement Crisis

"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…
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Watch for Higher Interest Rates

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…
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