The FCS signal remains on a buy since June 1 and the HUI gold bug index is now up 14.8% from the system entry price. My GDX trade is showing a bit more gain since I missed the signal and entered a few days later at a lower price. So far gold has been lagging the mining […]
The FCS system continues on buy signals for gold, silver, and the HUI gold bugs index. With the rebound in precious metals this past week, all trades are in the money. I missed the actual system signal and entered late, buying GDX this past Monday at 38.25, just luck it was at a lower price! GLD or gold itself had a very nice looking bullish […]
FCS issued buy signals for GDX, GLD, and SLV after Thursday’s close. I apologize that I was at a professional conference the past two days and just arrived home late today, Friday. Ideally, I would have opened trading positions in GDX and SLV at today’s open. There was good follow through today after yesterday’s high volume, broad based rally of the miners. At this point, I will wait […]
Although my FCS system still is on hold with the precious metals and mining indices, a buy signal was issued last week on the Dow AIG Commodity Index. […]
The FCS continues on a BUY signal for the precious metals and their miners. My long positions in GDX and SLV are now up 4.1% and 4.5% respectively. Relative strength in silver looks to be surfacing again after this week’s action. The HUI gold bugs index appears to be putting in a typically expected top at extensively established resistance and in the enormously popular seasonal topping/bottoming month of May. Meanwhile, gold […]
The FCS remains on a BUY for gold, silver, and mining stocks with current trading positions in GDX up 6.4% and SLV up 5.4% This is the fifth time price on the HUI has entered the 350-360 level. During the last three, major reversals took place erasing our trading gains, so I must admit I am a bit skittish here. Pattern trading dictates selling at […]
The unfortunate truth is that very few 401K plans offered by employers give choice of investing in commodities. A recent survey revealed less than 10% offer funds that are commodity related. The few that do, usually are only offering energy sector funds. No precious metals funds, no commodity index funds, and no pork belly funds to be had! Considering 401K plans now constitute the majority […]
In late January, I posted two articles regarding my long term view on the gold market. A symmetrical triangle pattern was identified and its likely subsequent price action described. At that time, I recommended a low-risk pattern entry for those making their first purchase of bullion or adding to existing gold investments. Gold was trading in the $620-630 area, currently we are […]
Today the FCS issued a buy signal for GDX, GLD, and SLV all nicely in sync! I opened long positions in GDX and SLV before the days close. Interestingly my short term broad market indicators also have turned strongly bullish, however the primary longer term sell signal is still in place. WD Gann was the […]
The FCS remains on SELL/CASH signals for GDX,GLD, and SLV. Convergent support is strong in the HUI 310-320 area that is being currently tested. Unfortunately I see no indications of a bullish reversal on any of the indicators I use. On the other hand the “golden triangle” is undergoing a common tendency of price to pull-back and test the upper triangle […]
