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Goldmining

Gold and Silver Miner Buying Opportunity At Gold current prices, Spanish Mountain and many other junior miners are severely undervalued. Merely a move back to previous highs would be significant. In the event that we see a 1970's or early 2000's style gold rally in the coming decade, junior miners such as Spanish Mountain will perform incredibly. I continue to believe that the gold mining sector has enormous potential that is being overlooked. I am anticipating more of a pullback in gold, which would coincide with a little more downside in SPAZF. Even if we don't see that pullback, I will continue to dollar-cost-average in SPAZF and other miners for long-term investment. This is not trading or investing advice, merely educational research. DYODD
OTC:SPAZFLong
by Ludwig_Von_Mises
1
Gold Related: Strong Sell Head and shoulders reversal pattern formation complete on gold . Wait for confirmation with bounce off the 1290 neckline. Suggest using a short position on futures options or mining etfs (JNUG, JDST) watch gold closely and cover to stop loss should price rise above the pattern's neckline. Watch for breach of trendlines as indicated in chart to invalidate the trade. Price Target 1: 200 day moving average currently at $1251 Price Target 2: $1215 as i dicated by measuring destance from top of head to the neckline. FOREXCOM:XAUUSD TVC:GOLD AMEX:JNUG AMEX:JDST AMEX:DUST AMEX:NUGT AMEX:GDXJ AMEX:GDX AMEX:GLD
TVC:GOLDShort
by HandofGold
1
GDXJ: Jr. miners have bottomed - upside to shy of $70 possible$GDXJ is an exchange traded fund which lets investors gain exposure to a basket of gold and silver mining companies, which can be a very interesting vehicle to benefit from major moves in precious metals. In this case, we see that the daily chart is likely to start trending sharply up from here, with a chance of breaking above the long term resistance zone above, in which case, prices could surge close to $70 over time. We're long from today, entered a 9.5% position at $28.15, shortly after the market opened. We may add to it on dips, if prices retrace back into today's range next week. Best of luck if following me here. Cheers, Ivan Labrie.
AMEX:GDXJLong
by IvanLabrie