If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!BARE did not trigger a buy as we had the buy point at 10.51...maybe it will hit that tomorrow. TGB was up but it does have resistance at the $2 area which it will take some time to breakthrough. NGD…
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Geithner and Bernanke
How hypocritical! Bernanke came out yesterday requesting Congress to curb budget deficits after increasing the money supply exponentially. Use this time period to look for additional opportunities to get into the best commodity opportunities. NGD, TGB, GMO and UXG are great low priced positions that will move higher in an inflationary environment.
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Stock Pick for 6-4-09 (NOT a Mining Stock)
I sometimes include on this blog for some of our followers some tradeable picks that are not mining stocks. This pick is gaining popularity as a healthy cosmetic company with environmentally friendly products and excellent earnings growth and return on equity. The company is Bare Escentuals (BARE). BARE is about to break out of a…
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Gold Stock Update 6-3-09
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 average. This is what is happening a retracement to shake out weak holders. Our students…
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Be Careful!
Dollar is exremely oversold and will bounce. Mining stocks are overbought. Place trailing stop losses to lock in gains. Be careful not to take new positions if stock is overextended. Wait for a pullback to get into positions. We believe we will have second buypoints for our position as a shakeout of weak hands will take…
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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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Chart Of Gold (Inverted Head and Shoulders)
This appears to be an inverted head and shoulders pattern which means that a break to the upside is highly probable. Look for a breakout of the previous top with good volume.
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Nasdaq Breakout
Since the March low the Nasdaq rally has lacked volume and appeared to make a rising wedge. After a breakout to the downside on low volume the Nasdaq appeared to make a rectangle sideways pattern. This battle between buyers and sellers was resolved today to the upside. Today the Nasdaq broke out of resistance so…
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