Category Archives: Precious Metals

Gold Stock Update 6-3-09

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!A few days ago (please see my archived post from 5/31/09) we mentioned be careful of chasing the gold sector as it is quite overbought.  We also mentioned to wait for a retracement to the 20 or 50 day moving…
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UXG (U.S. Gold)

We posted a morning stock pick at 2.49.  The stock was up over 10% with volume three times normal.  Breaking through 2.75 will be impressive and lead to huge gains.  It seems institutions are looking at exploration companies.  The major companies may need to aquire smaller juniors with interesting exploration activity as their profit margins…
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Our Picks This Week/Market Summary 6/2/09

Let's review our picks so far. 1) TGB (Taseko) Bought at 1.60 Now it is 1.91 19% Gain Recommended on 5/26/09 2) NGD (New Gold) Bought at 2.50 Now it is 3.04 22% Gain Recommended on 5/28/09 3) GMO (General Moly) Bought at 2.00 Now it is 2.68 34% Gain Recommended on 5/28/09 5 trading…
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Morning Stock Pick U.S. Gold (UXG) 6/2/09

U.S. Gold has one of the largest mineral land positions in Nevada and they have just shown quite impressive results in Mexico.  They are owned by Rob Mcewen who built Goldcorp.  Rob has success in building gold companies and rewarding his shareholders.  Rob has decided to invest his own money in exploration as a way…
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GMO Update General Moly

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 as though institutions are piling into this stock.   China is importing molybdenum as their demand…
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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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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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