Switching To A New Hosting Plan

February 26, 2009

The switch to a new hosting plan is completed. Now it will take some time until I’ve figured out WordPress, the template I bought, FTP programs etc. On to the markets. Today I bought an initial position in TSYS. This should come as no surprise. The stock is strong and it has been up on […]

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Oil Wants To Go Up

February 24, 2009

Uranium stocks moved up in unison today. Probably more to come. Gold was sold off hard. All the charts on my public list and my annotations were telling to be extremely cautious. Now I will closely monitor the flag building process of RGLD, FNV.TO and OSK.TO. These are my favourites and I will try to […]

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Keep Your Focus On The Gold Sector

February 23, 2009

Didn’t get stopped out of DNN. I guess that will happen tomorrow. It will either gap down or bounce off hard that 1 $ level. Very tough call. My hard stop will take care of all that. A few thoughts on oil as some people asked me about going long. If you go long keep […]

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DNN – Denison Mines

February 20, 2009

Denison Mines – DNN not looking good here. I probably will get stopped out on Monday. The only uranium stock displaying a bit of intraday strength was UEX.TO. U.TO – Uranium Participation couldn’t cross the weekly MA 30 resistance and resumed the downtrend. Same old for gold miners. They are not going up despite gold’s […]

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Gold Stocks Down

February 19, 2009

Pretty much all of today’s action in the markets was expected. SLW – Silver Wheaton got sold off, the writing was on the wall. Silver prices moving up. The big cap silver stock not following. The path of least resistance in these kind of situations is down. Silver is looking extremely toppy here cf. AGQ […]

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Watching For Clear Signs Of A Reversal

February 18, 2009

My assessment hasn’t changed. Gold miners, especially seniors, are lagging gold and silver. Bullion is the safe haven choice. The mining stocks come second. Today another big cap SLW – Silver Wheaton refused to move higher although silver was up. The stocks might be anticipating a gold and silver price correction. I’d be very cautious […]

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November Low Retest

February 17, 2009

Markets are headed to a November low retest see S&P 500 chart on my public list. Gold and silver did well today but I see red flags all over the place. Silver is hitting some serious resistance here. GG – Goldcorp is still not displaying the kind of volume you would like to see. ABX […]

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Selling GERN For A Very Small Loss

February 14, 2009

Decided to sell GERN for a very small loss and wait till the dust settles. I am still holding a small position in DNN – Denison Mines. I still see the possibility of an inverse head and shoulders pattern resolving to the upside. Most uranium stocks look like they want to go up. A few […]

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Oil Hitting Extreme Levels And Taleb Roubini Video

February 12, 2009

The ‘Guild Investment Global Market Commentary’ just came in. I’m quoting: ‘It is a difficult time. May we suggest that you stay brave, because opportunities will arise.’ I guess there’s not much to add. On to the markets: Oil is hitting extreme levels here. The gold-oil ratio is almost at a 20 year high. As […]

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Gold-Oil Ratio Says Oil Is A Screaming Buy

February 11, 2009

Got stopped out of UCO today. I am not exactly thrilled as my goal is to find levels I can put in a stop loss where odds I get stopped out are rather low. It would be foolish though to expect every single trade to work out. That said there will be more opportunities ahead. […]

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