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Morning Stock Pick General Moly (GMO)

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!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…
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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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Taseko Breakout

Yesterday I gave a signal that Taseko would breakout of the symmetrical triangle formation.  Today it did on huge volume.  I believe this will be a quite profitable trade at this point.
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Market Summary May 26th 2009

The Nasdaq remains above its moving averages despite have light volume to support it.  It is concerning because Nasdaq and Dow Jones appears to making a descending triangle pattern after a rising wedge formation.  A break on volume at this point would cause the indexes to retest the March low.  It would be nice to…
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Treasuries are dropping

Investors are nervous of the government sales of treasuries which is causing the late afternoon selloff.  The oversupply of treasuries and Fed's balance sheet is a concern we should all have.  How long can the government be bailing out and spending like there is no tomorrow?
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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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