If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!Taseko is breaking out on good volume through the symmetrical triangle formation...good volume!
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Dollar and Treasuries Look Bearish/Gold Mining Looks Bullish
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…
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TGB Taseko Close to a Major Breakout
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…
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Market Summary May 25th
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…
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Obama Says No More Money
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.
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(NGD) New Gold Great Chart
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…
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Dollar is Down, Copper and Gold UP
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…
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Great Opportunity in Taseko
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…
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