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Thursday, February 03, 2011

Gold and Silver: Buy Signal on Daily - Correction Could Be Over tnr.v, ng.to, laq.v, bvg.c, bva.v, grc.to, amm.to, ktn.v, gbn.v, rvm.to, mgn, asm.v, sgc.v, ngq.to, btt.v, alk.ax, fvi.to, mxr.v, sgc.v, ktn.v, epz.v, cuu.v, mgn, nem, fcx, bvn, auy, abx,



  We have Buy on Daily for Gold and Silver now. It is not the precise science, but rather the opportunity for the markets to develop the next move. It is in any case not an investment advise, as usual, but we would like to share this observation - let's see what will happen next...


"Our list here, which is for our and your own homework - if you like our ideas about the good time on the road - will be the following: TNR Gold, Goldstone Resources, Revett Minerals, Avino Silver, NGeX Resources, La Quinta Resources, Golden Band Resources, Fortuna Silver, Esperanza Silver, Mines Management, Bitteroot Resources, Max Resource, Copper Fox Metals, Cornerstone Resources, Kootenay Gold, Yamana Gold, Bravo Gold, Bravada Gold, Almaden Minerals, Sunridge Gold.
  Most of these stocks have already enjoyed QE party and we had fun with the most of them after summer napping time, others are still in consolidation patterns and some are the clear underdogs - further investigation and DD in the management, properties and potential catalyst on the company level could show, who of them can have the next run."




"We are what we eat" and our financial and regulation authorities must be all eating nuts these days. The guy with 10 million dollars "under management" can control 10% of the U.S. Gold Futures - welcome to post crisis risk management!
  This is nothing, but the excuse for the correction in Gold soon to be over - time is to make your shopping list of your favorite juniors. Gold has easily found buyers during recent retracement after incredible run and now is posed for another uphill battle with the wall of worry.
  On a daily chart we are at the same level on MACD as we were at the last correction in the beginning of August, just before Gold and junior miner's 2010 home run.
  Below on weekly chart we have a strong bullish candle and STO is close to potential reversal - the way how the Gold market held this recent correction provide us with comfort that this Bull is far from over and juniors miners, particularly, will ignite the next leg up.
  Geopolitical situation in the Middle East ignited by the uprising Egypt and Oil closing above 100 will spike Inflation fears all around the world -negative real rates during this stagflation phase will provide necessary fundamental support to the gold bull market, silver will bring even more excitement and cherry picked juniors will bring the memories of the fun days just before the crisis.
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