Lee AdlerSo far, the consolidation is proceeding according to Hoyle. I’m adding two more trading picks in the miners.
This report covers the short to long term technical outlook for gold, and for gold mining stocks, along with recommended trading strategy.
13-17 week cycles should be entering a corrective phase ideally due to last into late August-September. Most of our mining stops hit trailing stops, but one remained and I dipped another toe in the water just in case. The list had an average gain of 19% with an average holding period of 31 days on a cash basis, no margin employed.
This report covers the short to long term technical outlook for gold, and for gold mining stocks, along with recommended trading strategy.
The mining stocks and gold look poised for corrections, but the long term outlook remains bullish. Among our trading picks, GFI was stopped out last week wth a gain of 36% in 29 days. We should also take our profit on AU, which had gained 54% in 41 days as of Friday’s close. I have raised trailing stops on the remaining 5 picks to protect the gains in those. We can look to enter new trades depending on how the correction plays out.
This report covers the short to long term technical outlook for gold, and for gold mining stocks, along with recommended trading strategy.
Gold has broken out of a major resistance levels with longer term indicators projecting more gains after consolidation. All 7 of our gold mining stock picks from May 20 through June 3 are gaining. The smallest gain, at 6%, is on the GLD ETF, added June 3. The mining stocks added June 3 are up from 11% to 18%, while the May 20 and 28 picks are up 51% and 42%. I am recommending protecting those gains by raising trailing stop levels.
This report covers the short to long term technical outlook for gold, and for gold mining stocks, along with recommended trading strategy.
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As gold consolidates we are holding our mining picks with adjusted stops. All 6 are in the green.
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Gold has reached a key resistance level. Our mining stock picks are doing well. Here’s what to expect.
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Short term and intermediate indicators have turned bullish for the metal and the stocks.
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Try Lee Adler’s Liquidity Trader, including the Gold and Mining Stock Trader risk free for 90 days (first time subscribers only)! Subscribe by 11:59 PM Pacific Time Monday, June 3 and get the first month free.
30 day free trial and 90 day guarantee offer applies to first time subscribers only. Cancel within the first 30 days and you pay nothing. The 90 day guarantee applies from the date of your order.
Gold’s short term pattern is weak and support is at risk, but there’s another new pick in the miners.
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Try Lee Adler’s Liquidity Trader, including the Gold and Mining Stock Trader risk free for 90 days (first time subscribers only)! Subscribe by 11:59 PM Pacific Time Tuesday May 28 and get the first month free.
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Gold’s short term pattern is weak and support is at risk, but we still have a few buys in the mining stocks.
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Try Lee Adler’s Liquidity Trader, including the Gold and Mining Stock Trader risk free for 90 days(first time subscribers only)! Subscribe by 11:59 PM Pacific Time Monday May 20 and get the first month free.
Offer applies to first time subscribers only. Cancel within the first 30 days and you pay nothing. The 90 day guarantee also still applies from the date of your order.
Gold’s chart pattern has turned bullish.
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Try Lee Adler’s Liquidity Trader, including the Gold and Mining Stock Trader risk free for 90 days(first time subscribers only)! Subscribe by 11:59 PM Pacific Time Monday May 13 and get the first month free (first time subscribers only). Cancel within the first 30 days and you pay nothing. The 90 day guarantee also still applies from the date of your order.
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