Tag Archives: Miners

Metals & Miners

The precious metals and the miners look good against today’s lows… Nem & SLW ( Newmont & Silver Wheaton both look good ) Both NEM & SLW are trading above the 200 day moving aversge and a close up here … Continue reading

Pattern Alert…AUD/JPY

A Friday close over 79.74 puts in an outside reversal week to the upside. This should match up with a close in the AUD/USD over 103.80-104 level. App ( 103.15-20 ish H Futures) We would view this as Bullish for Commodity … Continue reading

MCP…FCX…Miners

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

Gold & Silver

This is usually when I give my monthly dissertation about Unemployment lows in the Metals. Typically the unemployment data has historically presented us with a good trad able low. These lows have provided us with great trade location and defined … Continue reading

Risk On?…GDXJ

Looks like the S&P wants to show us the 1170’s today. Buy the GDXJ @ the market with a 34.30 stop.    

Trailing Stops

As they say ” We’ve come a long way BABY!” in a very fast move. Investors should be out of the bulk of their long AAPL & Miners. If you wish to keep a small token 25% stake with a … Continue reading

Recap..

We have paid for our stops in the equity index futures. If you haven’t already, pay for your stops by the close in the miners. I.E. Sell a portion of your long position, so no matter what happens, you do … Continue reading

Stock Indices…Metals & Miners

We’re now at the levels that will either hold or they won’t. So anyone trying to be long should not risk much. “Not much more than a couple of handles below today’s low.” If your Bullish this is the area… … Continue reading

Miners…Gold…Risk On Rally

Many of you have positions in the Miners in varying degrees. After a few days of pain they’re preforming well today. Those of you who are in should stay the course, and we’ll continue to monitor the price action over … Continue reading

A.M.Look 6/27/11

There is a huge end game setting up for the end of the qtr. ( Thursday’s close). Last night’s lows in the equity indices are key levels to watch if the indices are to hold. We will be in wait … Continue reading