Tag Archives: MCP

Position Update MCP…GDXJ…

Posted on 01/12/2012

You should be stopped on the miners (GDXJ) if you got involved today. MCP…This bad boy is up 9% on the day! If involved you should be down to no more than a token 20-25% position with a break-even stop on … Continue reading →

Gold Miners…Molycorp

Posted on 01/12/2012

Any investors or shorter term players that got involved in these names today should use stops 15 cents below today’s current lows. 29.80-30.00 is first good resistance in MCP…Risk should be reduced at these levels. Meaning…take some profits!.. GDXJ…27.39…then 28 are … Continue reading →

A.M. Look 1/12/12

Posted on 01/12/2012

There is a lot on tap this A.M….ECB & BOE Rate decisions….USDA Crop Report Copper…This is trying to break out to the upside. MCP is a good way to play this. Buy breaks with a 26.30 stop to see if … Continue reading →

MCP…FCX…Miners

Posted on 11/07/2011

The metals are clearly in play. It’s time to start looking at the miners with the lowest risk profiles. Molycorp and Freeport both look good against today’s low. Put these on a buy on a break list, against today’s lows. … Continue reading →

Aussie…GDX…MCP

Posted on 03/24/2011

It was cheap Insurance. At this point I would just push the trade and forget about it. The Spu needs sustained price action under 1290-91 for this trade to work. Notwithstanding the Metals and the GDX are still showing lots … Continue reading →

Unemployment Tomorrow

Posted on 01/06/2011

It’s time for Long Term investors to make a decision. We’ve come a long way in the Soxx & Financials. The Agra stocks like Pot are at nose bleed levels and are ripe for correction. Many instruments such as MCP … Continue reading →