All of our mining picks were sold or stopped out for a tidy profit overall as trailing stops got hit. Meanwhile the metal is at an inflection point. Here’s what to expect.
The uptrend in gold looks solid with new upside projections on intermediate swing cycles. But there are some chinks in the mining stock picture. This report tells what to look for to see if their trend will hold up or pull back again. While there are no new mining picks, in an abundance of caution…
Of course you know that the 20% standard that the Wall Street finfotainment media uses for calling a rally a bull market is pure nonsense. But on December 24 HUI closed at a level that was slightly more than 20% above its low close back in September. And over the last couple of weeks, prices…
We’re ditching one of our 8 mining picks. The rest remain profitable on gold’s strength. There are new targets on the metal.
Gold is in a classic bullish pattern as it tests resistance at 1262. Here’s where it’s headed as 6 of 8 recent mining stock picks are now in the plus column.
The good news is that there still appears to be time in intermediate cycles for gold to head higher. We’re holding on to our mining stock picks for now. But that could change if these stops get hit.
I have added a number of mining stocks to the technical buy list after gold cleared a key level.
If gold gets to the level shown in this report, it will be a good sign.
This report gives the answer.
Short term cycles have turned up and the 13 week cycle is due for a bottom within the next couple of weeks. This is a bullish setup. Here’s what needs to happen.