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Gold is Clueless

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Gold’s trading range is getting thinner, promoting violent moves within the range.

On the mining stocks, over the past week 33 charts had at least one buy signal and 39 had at least one sell signal. That means that many of the 52 stocks that I track in the sector had whipsaws. I screened each group with prior buy signals for buy signals that triggered on Tuesday. There were 24, which I then gave the eyeball test.

See, analysis, table of picks and charts (subscriber version).

The strategy and tactics suggestions in this report are for informational and entertainment purposes, and illustrative of one approach. Nothing in this report is meant as personalized investment advice and you should not construe it as such. No representation is made that it is the best approach, will be profitable, or suitable for you.

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Posted in 3 - Gold Trader
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