End Of Week
Mar.5/10
It was a fair week for metals. With gold holding close to the 1130 US mark there is good chances that it could carry on upward. Silver will be the one to watch though next week as there is the COT report showing a drop in short positions. How that will effect the small silver miners we watch is anyones guess.
Speaking of silver, one of the small players we watch Golden Goliath GNG had news that announced some pretty impressive results. This stock has been a thin trader in the past, but now with the stock price in the mid 20 cent range more trading will take place.
Also on the new release front Yukon-Nevada YNG had news stating they had drilled 32.98 gram /ton Au over 9.14 meters on their Ross River project in the Yukon. The stock had a nice pop from around 21 cents to 28 cents.
What can start off as a great week for some can end in a not so good week for others. On Monday morning Explor Resources EXS popped and was running hard. The stock was just at about $1.05 or so. Over the next few days the stock rallied to a high of $1.60 and then collapsed all the way down today to a low of .66 cents and finished the day to close out down .10 cents to .81 cents. I guess it is all in how you interpret news and how news letter writers write the story.
The BMO Junior Gold Index ETF ZJG-T was up a wee bit today but volumes were light and closed just shy of the high.
Until next time .... Watch those pennies!!
BTW we have seen a lot of people sign up and join the "trading course" from INO. If you haven't joined then why not take advantage of this "Online Trading Course" compliments of INO.
Great Day 4 Gold
Mar.2/10
Lots of write ups stating that the bottom in gold and metals is past and we are now in an upward trend. Lots are talking $1500+ gold this summer. Some are even higher. We would like to see some higher silver prices ourselves. Lots of good bargain out there in silver plays.
Lots of penny mining stocks rallied today. Explor Resources EXS was up another 20% on double volumes from yesterday. Canaco CAN never did fall to the low we felt it could. This small player turned around yesterday and continued on upward another 15% today on higher volumes.
The BMO Junior Gold Index ETF ZJG-T hit a new high today also. Up almost 2% on the day. Closed at 14.46.
Rumor mill. Tanqueray Resources TQY is stirring. If they get the money they need they will be buying into an oil venture that is already in business.
Until next time .... Watch those pennies!!
BTW we have seen a lot of people sign up and join the "trading course" from INO. If you haven't joined then why not take advantage of this "Online Trading Course" compliments of INO.
First Trading Day Of The Month
Mar.1/10
First trading day of the month. February was kind of sluggish month with little happening on the overall picture. There were a few plays that made news but mostly it was quite quiet. Hopefully this month the penny miners will start to see some action and maybe some higher trading volumes.
The BMO Junior Gold Index ETF ZJG-T was up a wee bit today but volumes were light.
There were a few plays though that really rocked today. One of those plays is one we have talked about here from time to time and followed for a while a year or so back. Explor Resources EXS traded higher volumes, 1.7 million and was up 20% today. Something tells us that maybe news is out around the corner. The stock did close on a high of $1.25.
Another player we noticed today, Crew Gold CRU was also up on news that they may get bought out. The stock was up 35% to close at .38 cents.
Still good cash to be made trading First Majestic FR-T warrants. If you have some patience and don't mind low volumes a few swings a month is all it takes for some tidy profits. We've been trading these since they were issued last year in the spring. There is still a good year left on these warrants.
Anyhow that about does it for todays write up. Keep your eyes open on Explor Resources EXS this week as there may be some news.
Until next time .... Watch those pennies!!
BTW we have seen a lot of people sign up and join the "trading course" from INO. If you haven't joined then why not take advantage of this "Online Trading Course" compliments of INO.
Last Trading Day Of The Month
Feb.26/10
Short month February is. Just as well as come the month of March we are that much closer to spring. February is always an off month for gold historically too so now that the month is done we can hopefully get on with things.
Some gold stocks found bottoms here this month. Hawthorn Gold HGC is one we follow and it tagged almost back down to 52 week lows.
We mentioned earlier this week that we think Canaco CAN could fall back to as low as 32 cents. It closed today even at .385 cents but did hit 36 cents during the day. We feel that this play has a lot going for it so really what is a few cents either way when looking at longer terms.
Eco Metals EC had a good run from it's low and is holding well even under lower trading volumes. Lots of big news on this player and it is well worth doing DD on.
Also our Greenlandic explorer Hudson HUD did well. Hudson is a rare earth explorer in Greenland with some very promising properties.
Until next time .... Watch those pennies!!
BTW we have seen a lot of people sign up and join the "trading course" from INO. If you haven't joined then why not take advantage of this "Online Trading Course" compliments of INO.
Looking At Silver for All the Wrong Reasons .
Feb.23/10
Todays video is a must see for those of us who are keen on silver. We are really bullish on silver and silver miners. Some of our most favorite picks are silver plays. That is why this video today is not only of great importance, but also a concern.
Watch Video Now
One of the players we have been watching for some time is Canaco CAN. we like this play due to the fact that they are in Tanzania and Tanzania is a great place to be as far as gold, silver and nickel go. This is a country that is largely un-explored but has great upside potential in regards to mineral wealth.
The stock has been slowly dragging downward since it's last new release. Some are wondering just how low the stock price can go. We feel that the stock could drop even further. We feel that maybe even as low as 32 cents. That is where support could be. Not should be but could be. The stock closed down 1 cent at .39 cents today and was as low as 37 cents.
Be sure to watch todays silver video if you have not done so.
Until next time .... Watch those pennies!!
BTW we have seen a lot of people sign up and join the "trading course" from INO. If you haven't joined then why not take advantage of this "Online Trading Course" compliments of INO.
New Week
Feb.22/10
After last weeks roll on gold and silver and a few of the other metals, we felt that today would be a good continuation of that run. Not so. All metals mostly down or flat at best. Of course some of those players have to defeat those odds. Worse case is when you are not holding a position in them. As an example you can see today that one of those plays Eco Metals EC make a pop of over 80%! With a slow downward trend over the past 2 months, why would today be different? Well news out today for a continuation of drilling and expansion on drilling along with favorable results and this is what happens.
Meanwhile the entire BMO Junior Gold Index ETF ZJG-T index is off on super low volumes.
On our hot list we have a small uranium player that is also a rare earth miner. The company is Forum Uranium FDC. The stock has been overly active lately and the stock price is on the rise. You may want to keep this small player on your watch list if you are interested in uranium or rare earth plays. They did have news out a bit ago about their drilling program in the Athabasca Basin.
This small player has a lot of land holdings in the Thelon Basin area of Nunavut and the Athabasca basin region. The Athabasca Basin area is well known for uranium. The Thelon area is also well known for exploration plays and the Meadowbank gold mine is also in this same area and they are scheduled to start up soon.
Anyways we will have to see how the rest of the week plays out. I read that gold options expire this week?? Could be mistaken??
As always, please read our disclaimer and do Due Diligence.
Until next time .... Watch those pennies!!
BTW we have seen a lot of people sign up and join the "trading course" from INO. If you haven't joined then why not take advantage of this "Online Trading Course" compliments of INO.
Sign-up for "Perfect Portfolio" Webinar this Friday
Feb.18/10
On Friday, as in tomorrow, INO is going to go into detail about this hypothetical
portfolio and it's conservative strategy. This set-up is "perfect"
for those of us who don't want to look at our brokerage accounts
every day.
The "Perfect Portfolio" covers 4 ETF's and Adam from INO will look at each
and also cover the strategy used to trade them.
In order to register for this free web seminar which is available to
all readers, simply visit the "free web seminar" link below.
Free Web Seminar
As always, please read our disclaimer and do Due Diligence.
Until next time .... Watch those pennies!!
BTW we have seen a lot of people sign up and join the "trading course" from INO. If you haven't joined then why not take advantage of this "Online Trading Course" compliments of INO.
"Five Reasons Why Gold Will Not..."
Feb.17/10
If you just stopped around today and are kind of bored we have a very interesting gold video today that Market Club put out. As a gold bug I tend to disagree with it but then looking at some of the charts they have it is hard to argue with.
What Do YOU Think Of This Theory?
Metals Turn Again
Feb.16/10
Gold, silver, copper and almost anything metal turn around and headed higher today. With the US dollar loosing a bit of ground it looks like money was flowing back into the metals. Gold hit a new all time high in the Euro today. It did little to the stocks though. Modest volumes and very slight rises if any. The BMO Junior Gold Index ETF ZJG-T hit a new high but you will see volumes were quite light.
Hawthorn Gold HGC is a gold player we are planning on adding to our hot stock list. We were going to add it a few weeks ago but wanted to make sure we knew more about this player before we did. The stock is sitting on lows right now. It is down about 10 cents from when we were going to post it. This may be a good time to buy for those who like to hold stock for longer than a few days or weeks. We don't own any of the stock. Below is a 1 year chart of HGC.
We still want to review it a bit more so we are familiar with all the details of this player.
Also to the person who requested ECPN, we have not gotten a reply of any kind from the company in regards to a few questions. We are still waiting.
As always, please read our disclaimer and do Due Diligence.
Until next time .... Watch those pennies!!
BTW we have seen a lot of people sign up and join the "trading course" from INO. If you haven't joined then why not take advantage of this "Online Trading Course" compliments of INO.
End Of The Week
Feb.12/10
Before we talk about anything we wanted to let everyone know that we have 2 real good videos for you to watch this weekend. INO produces these vids and the more we watch them the more we have profited on some of our trades. The second video talks about a 30 year old trading secret that made one man literally MILLIONS and it still works today. We can't tell you what that secret is but, INO will.
Now the first video is about 2 minutes and show where gold could be going. This vid is good because it relates to a lot of the gold penny miners we watch. When gold goes up our plays follow. When gold goes down, well .....
Last write a few days ago we talked about Prophesy PCY hitting a new high. Well today another new high was made. 62 cents. This here was a 2 cent stock guys. Just this past October you could have bought this stock for 2 cents. We added this play to our hot-stock list on the October 20th. You can check it out under our moly plays.
Also in the last write up we mentioned Baffinland Iron Mines BIM-T being in the news again. Just from a small article that was written the stock popped a good 10 cents on heavy volumes too!
The BMO Junior Gold Index ETF ZJG-T ended a wee bit down this week as we can see in the chart. It follows the a lot of Canadian juniors and of course with gold at a real turning point right now (as seen in the video) it is hard to really tell what will happen with not only gold but also these gold mining plays.
Have a great weekend.
As always, please read our disclaimer and do Due Diligence.
Until next time
Watch those pennies and why not take advantage of our "Online Trading Course" compliments of INO.
Dow in 2010 = Dow of 1929.
Feb.10/10
Great video today. It's about 6 minutes long. This is a real heads up for anyone who trades stocks. I was excited for about 2 seconds then mortified. This new video looks at the 1929 Dow chart and technicals and compares them to the 2010 Dow chart. You've got to see it for yourself. We all know what happened back in 1929. We could be, repeat, could be very close to a tipping point similar to that of 1930 when the Dow had ended a 50% correction to the upside. I invite you to watch my latest video and see what makes sense to you.
Watch Now
As always our videos are free to watch and there are no registration requirements. If you agree or disagree with this video please feel free to comment on our blog.
Back In Rally Mode !?!?
Feb.9/10
Nice to see a return to a rally mode in metals. Gold, silver and palladium powered higher today. One of the better performers was copper. Back to tagging the 3 dollar mark. Of course a lot of players in the BMO Junior Gold Index ETF ZJG-T were performing well as the ETF was up quite nice.
One of our players Prophesy PCY hit a new high today. After a pull back the stock was still up 15% on the day.
Baffinland Iron Mines BIM-T was back in the news today some more. They are looking for a few billion to get their Mary River project up and running. This is an interesting play. Large scale iron ore project. Some say this mine could go for well over a few decades.
Lots of interest in Yukon mining projects lately also. We have been starting to look at Selwyn Resources SWN. Selwyn is active in looking for zinc in the Howards Pass area of the Yukon. This are straddles the Yukon and the NWT.
To those who send in requests asking about different companies, remember that we try to do as much DD on these companies before we mention them. If there is information that we can not find via the websites, we do send emails to the companies asking for this information. We find a lot of companies are really lax on replying back for simple questions. This in itself is one reason to be wary of putting money into their stock. That is just our opinion. Ask a simple question, one kind of expects a simple answer.
Last but not least, a new
Day Trading Video. Yes, it's free.
As always, please read our disclaimer and do Due Diligence.
Until next time
Watch those pennies and why not take advantage of our "Online Trading Course" compliments of INO.
End Of Week
Feb.6/10
Well metals sold off as predicted on Friday but did turn around in the last hours of trading. During the day though some larger cap golds did not sell down but were trading up. Fronteer FRG-T was one such stock that we noticed that was well up all day. Tanzanian TNX-T was off all day until the last 30 minuts or so.
The new BMO Junior Gold Index ETF ZJG-T had a large spread from low to highs also closing up nice on the day.
As far a good buys in our opinions, was First Majestic FR-T warrants that got right down to .99 cents for a low. Still good time on these warrants with still a bit over a year till expiry.
In smaller plays most traded down although little players like Avanti Mining AVT, Prophesy PCY, Silvermex SMR, Canaco CAN and a host of other returned to a flat position.
With the sell off in gold it did bring a small opportunity for us to buy a few extra grams of gold bullion though. We have been involved in buying and trading gold by the gram with Bullion Vault. We have never really promoted it that much because we don't really trade gold that much but now that we are seeing these huge swings in the price of gold it makes it worth our while to buy a few grams here or there. We have sold out also and bought back on dips.
For anyone who is interested in playing gold it is most likely the most affordable way to go. There is no leverage here as you must pay up front. All one does is opens an account and once your account is funded and verified your off to the races.
Well let's see what happen next week. Hopefully this sell off is over for the penny mining stocks. It's time to start making some Ka-Ching!
As always, please read our disclaimer and do Due Diligence.
Until next time
Watch those pennies and why not take advantage of our "Online Trading Course" compliments of INO.
Big Sell Off Today
Feb.4/10
Everything got smacked down hard today. Gold off $50, silver over $1, the Dow down 260 and the TSX down about the same. Nothing was left unscathed it seems except the US buck. That was up only 1/2 cent at best today. Our BMO Junior Gold Index ETF ZJG-T was well off today making a new low.
Any bargains out there? Personally one should maybe wait till next week to see how things play out over the weekend. We only have 1 trading day left this week and it most likely will be a continuation of the same as we had today.
Although most of our watched plays were down, Avanti Mining AVT was up 15% today on fair volume also. That was the only one that we follow that was up.
Well let's see what tomorrow brings.
As always, please read our disclaimer and do Due Diligence.
Until next time
Watch those pennies and why not take advantage of our "Online Trading Course" compliments of INO.
Buying Silver Eagles & Silver Snowball
Feb.3/10
A lot of people write in asking about what the Silver Snowball program is that they see on this site. To make a long story short I'll write a bit here about it.
The Silver Snowball program was started a bit over 2 years ago by a fellow by the name of Ed Freeman. (He still runs the program himself) He wanted to make a way for the average person to be able to accumulate silver in the physical form. He also wanted to make it affordable and still be profitable. So what he did was set up a program like an MLM where you become a member and buys 1 ounce of silver per month. (This is where the silver eagles come in). Then you after you join you tell others and once they join and buy a coin each month you get rewarded with bonus coins. Basically it is a 2 for 1 system. Each month your members buy you get a bonus. If you have 2 people you sponsor and each person buys 1 coin you get a bonus coin.
I of course have always like to add to my collection of silver so this became a disiplined way to accumulate silver. Trading stocks I found that I would pay out 40 dollars in commissions with just a few trades so the cost of a membership seemed quite small at the time. Each month I would buy my 1 once and after a while others joined and I was rewarded with free bonus silver.
Of course it seems that where you look these days in regards to the internet you see nothing but scams. Pay and get nothing seems to be the theme of the day. I get this all the time over at junior miners even from people wanting to place ads for their claims. Some are scared of paying out even $20 for an ad that they think will not get posted.
The point I wish to make is that as of last month it will have been 2 years and I am still in the program and I am still getting free bonus silver. Yes I have seen a lot of people join and a lot of people leave, but all in all most people do manage to get a few others to join and find out that they too are getting bonus silver each and every month.
So if you are interested in an MLM program that involves silver bullion or feel that you would would like to get a bit of silver on a monthly basis, then you are most welcome to join up with the rest of us.
In other news today Silvermex SMR which we follow close announced a private placement of $6,300,000. This placement consists of 14,000,000 Units at a price of $0.45 per Unit. Each Unit consists of one common share and one non-transferable share purchase warrant. Each Warrant will entitle the holder to purchase one additional common share of Silvermex at a price of $0.65 for a period of 24 months from the date of closing.
Interesting video on gold here. Sign in and see the SUPER GOLD CYCLE.
As always, please read our disclaimer and do Due Diligence.
Until next time
Watch those pennies and why not take advantage of our "Online Trading Course" compliments of INO.
New Month
Feb.2/10
Gold is performing well today. 2 days in a row. Great way to start the month off. Most penny mining stocks though are quite sluggish. Low trading volumes and narrow spreads are sure signs that major dollars are sitting on the side.
The new BMO Junior Gold Index ETF ZJG-T although showed good signs that money is starting to flow into the larger juniors as you can see in the chart below. Notice volumes were off today.
Of interest, one of the gas plays we mentioned on this site about year or so ago in now getting into the gold business. Trivello TRV had a news release that they have acquired the historic Tom Gold Mine and related claims, located approximately 10 km northeast of Yellowknife, NWT. The stock was up about 25% on about 300,000 shares. I do believe that Trivello rolled back stock about a year ago as they only have around 13 million shares.
Our little silver miner Golden Goliath GNG also had new out. Gold grades averaging 2.07 grams per tonne (g/t) and 98.61 g/t silver over 151 metres in the newly opened Los Hilos tunnel within the Filo de Oro trend. The news little to the stock price.
Interesting video on gold here. Sign in and see the SUPER GOLD CYCLE.
As always, please read our disclaimer and do Due Diligence.
Until next time
Watch those pennies and why not take advantage of our "Online Trading Course" compliments of INO.
HEADS UP! Thin Air.
Jan.28/10
NASDAQ crosses important trend line
Just a short 8 minute video here for everyone that we feel is very important to warn you as a HEADS UP situation. The Nasdaq has just crossed an important trend line. This COULD spell out some questions for the market in general here and how it could even effect small penny mining stocks.
Click Here to watch and get an understanding of where we may be heading. This is just one free feature that we use to gain an understanding of trading here at pennyminingstocks and recommend to our readers.
New Canadian Junior Gold ETF
Jan.27/10
January 25 saw the first trading of a new junior gold mining ETF in Canada. This ETF is strictly comprised of Canadian listed companies. It's called the BMO Junior Gold Index ETF and it's ticker is ZJG-T. It is issued by BMO. Prices right now after a few days of trading are in the $13 range. On an added note there is only about 400,000 shares/units outstanding. Good way to play the junior gold sector instead of trying to pick a specific winner or potential winner :)
Market selloff in metals have left some of our watched stocks in the red. Actually all of them except TNX. Canaco CAN was off 14% even after good news today. Most others just languished with low volumes.
Tanzanian Royalty TNX-T ended the flat today. After a sharp run up last week of 20% the stock fell back mid-way this week. News was released about some Chinese companies optioning in on TNX vast nickel deposits in Tanzania.
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If you would then I would like you to watch and listen to this video that explains the importance of using this strategy. In the video it says, in part, “Candlestick patterns are a mathematical formula which illustrate the psychological market sentiment. In other words, as a market reverses, or a market is moving in an up-trend, there are certain traits that can be distilled in terms of mathematical formulas that will reveal some very important information.”
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Click Here to watch and start learning today. This is just one free feature that we use to gain an understanding of trading here at pennyminingstocks.
As always, please read our disclaimer and do Due Diligence.
Until next time
Watch those pennies and why not take advantage of our "Online Trading Course" compliments of INO.
TRADE TRIANGLES ... TREND TRIANGLES
Yesterday I mentioned about the use of trading triangles, trend triangles and how the triangle gave an indicator and we ended up buying back into Tanzanian Royalty T-TNX. By the end of the trading secession the stock finished up 10% on the day. We got a few responses asking what trading triangles are. Because we are just traders and not tech savvy people we are going to use INO video to demonstrate.
The video here uses the S&P 500 and what we think it is going to do in 2010. It will also be looking at an important Trade Triangle that has just flashed an important signal for this index.
Take a peek for your self.
Watch The Video Now
Every Picture Tells A Story
Jan.22/10
This week was sure a downer for metals. I see silver was even under the $17 mark. Most everything we follow was well off. All commodities were off across the board. We had been reading rumors of a correction of some kind but like always we never seem to cash out and sit on the side.
We have started using trend triangles for technical analysis by INO. After doing technicals on various stocks we decided it was time to buy back into Tanzanian Royalty T-TNX. Hey, this worked. Sure enough TNX rallied today to close up 10%. Up 41 cents. This is a gold royalty play that has been beat down real bad and today when the entire market was off, this one was hot. For the past 6 or so months we have been flipping 30% swings with First Majestic T-FR warrants so we are going to try the trend triangles with this stock to help us with our timing a bit more. We'll keep everyone posted on how things turn out.
With this sell off like any sell off in the markets weak hands get shook out and bargains are waiting to be had. Prophesy Resource PCY fell back 18% back down to the 40 cent level.
We are also going to be adding Hawthorn Gold HGC and Silvermex SMR to our hot stock watch list. SMR has 2 bucks by mid summer written on it if the world doesn't come to an end. This is play that deserves some serious DD. They have some pretty top notch people in place here.
As always, please read our disclaimer and do Due Diligence.
Until next time
Watch those pennies and why not take advantage of our "Online Trading Course" compliments of INO.
Mid Week News
Jan.19/10
Huge dump on gold and other metals today. Some figure the price of gold will drop back down below the $1000 level and stay there until the later part of 2010 maybe. We always question where these comments come from in the first place. Lots of times you see some anal analyst tell everyone that stock XXX is over valued and should be this or that. After a brief sell off the stock is up flying higher than it was before any comments were made in the first place. You know damn well that someone was buying.
Anyhow for the stocks we are watching most are down a few percentage points. Terrane Metals TRX continues to sell off although ended the day flat. Tagged the $1.04 mark today. This stock is well of it's high of $1.80 just a few weeks ago. Any more hoe hum days and this could very well be under the $1.00 mark. For the next big mine to be built in BC there will be a good cheap shares to be had if the stock does drop much below a dollar.
Canaco CAN stick in the mid .60's and Canasia CAJ is still in the teens. Silvermex SMR is back down a from it's highs also.
Got an email from a reader about a small heavy oil play. I really haven't looked to close so do your own DD on this one. Western Plains Petroleum WPP is the company. They are active in the Lloydminster area. Trading looks thin so be aware of that. Also there is a small float. Only 26 million shares out. Oil prices will turn around. That's almost a given.
Speaking of oil, we mentioned here back before XMas about another player that has gold, uranium and diamond properties and is looking to diversify into heavy oils. That company is Tanqueray Resources TQY. The stock is starting to stir and in-fact today hit a new high. Volume is also way over normal so something must be happening. There are not to many active plays under 10 cents these days anymore.
Speaking of new high Prophesy Resource PCY also tagged a new high. This is one of our hot moly stocks.
As always, please read our disclaimer and do Due Diligence.
Until next time
Watch those pennies and why not take advantage of our "Online Trading Course" compliments of INO.
?? Bear Market In Metals ??
Jan.15/10
Most metals have sold off over the last few days. All except palladium. Gold is being carried down from noise out of China who says gold is over priced and they are not interested in buying. Remember, "He who has the gold, makes the rules." I think they may just be calling bluff to get the prices down to a more comfortable level.
Anyhow when it comes to bear market conditions and how to best invest, we figured our new high tech method posted below will help you to make wise investment decisions in regards to metals and penny mining stocks. This is strictly assest allocation.
Stocks we follow this week did the average yawn. Terrane Metals TRX just drug it's butt around aimlessly getting pushed and shoved at whim. Canaco CAN of course rallied well on news and Silvermex SMR was up almost 20% today at one point. Hitting a new high to boot!
We have mentioned Baffinland Iron Mines BIM-T a few times over the years. They have a HUGE deposit in Nunavut that they would like to get on stream some day. Only issue right now is money. What's interesting is that today on CBC news there was a write up about iron ore and China. This is the type of news that works wonders for these projects. Baffinland also has warrants that just came out a while ago. Ticker is BIM.WT.A
Until next time
Watch those pennies and why not take advantage of our "Online Trading Course" compliments of INO.
Mid Week News
Jan.12/10
This weeks metals trading video.
Gold, Silver, Platinum…W.T.F.?
I’m sure many of you read that title and your mind went in the gutter, but today I’m going to show you a whole new meaning for this acronym and how it applies to gold, silver, and platinum.
These three markets have a lot of volume, government implications, and technicals lining up for potentially great trades. Gold makes a record high, then pulls back. Silver is inching towards an all-time high level and platinum is making people rethink their decision to go with a white gold wedding band.
Where do you stand in these markets and maybe more importantly, where should you stand?
Click here to find out what W.T.F. really stands for and what does it have to do with gold, silver, and platinum?
In other news, last week a lot of people were expecting some good juicy news of some kind to be coming from Goldcorp G-T in regards to their option and more cash with Terrane Metals TRX. Well that didn't happen as a lot were hoping and so down goes the stock price. Today however even on a gold down day, the stock was holding up very well.
Canaco CAN put out news. Good results from their property in Tanzania. Stock price up real nice. Hit a new high today infact. Something must be simmering on the back burner here in Tanzania because even over the last few trading sessions Tanzanian Royalty TNX-T has been trading a lot higher and way over on volume. Even today with gold off as much as it is the stock is only off a few percent.
New miner here. Novus Gold nov. Novus has properties in the NWT and the Dominican Republic. Just over 30 million shares. You can find out more off their web site here.
Until next time
Watch those pennies, take advantage of our "Free Online Trading Course" and check out that mining stock ebook!!
Welcome To 2010. A New Decade Of ??
Jan.7/10
We don't really know what to think of the year so far. After the holidays trading is back to normal. One day up, next day down. Some stocks are gaining well though and they are not gold or silver stocks. Avanti Mining AVT which is one of our moly stocks is doing quite well this week. The chart below tells the story for the last few days.
Following the new index the GDXJ you can see a good turn around in those stocks that make up that index.
Terrane Metals TRX which we have been following since June is sure in sell off mode. Goldcorp is suppose to buy them out or invest more or make a decision or or or??? Anyhow the longs in this play are getting tired. Short term the stock may have sold off but because this player has the goods the long term out look is blue skies and sunny.
One of our favorite stocks here for the last few years has been Breakwater Resources BWR-T and it too has been on a tear.
Until next time
Watch those pennies, take advantage of our "Free Online Trading Course" and check out that mining stock ebook!!
End Of Year Review
Dec.29/09
Looking back over the year we had some winners and we had some that ..... well .... just didn't perform the way we would have liked.
Some of our better picks that were on the hot stock list are as follows. Most plays are up 1-200% year over year. Terrane Metals was put on watch back in June at 22 cents. This play still has a lot of room to run in our opinion.
Terrane Metals TRX
Silvermex SMR
Silverquest SQI
Breakwater Resources BWR-T
Canaco CAN
Our predictions for the new year are as follows.
Gold will continue to climb. We see $1,800 US this time next year. Silver prices should be double at around $40.00 US per ounce. Copper will be around $4.00 per pound. Oil prices will be ?? who knows!
Have a happy new year
Until next time
Watch those pennies, take advantage of our "Free Online Trading Course" and check out that mining stock ebook!!
