Tuesday, October 31, 2006

Silver Standard Resources (SSRI)

SSRI is definitely a silver stock for your watch list. From a technical point of view SSRI performance was no less then impressive given the long consolidation of silver.

Few days ago I posted about Kinross Gold; Technically SSRI is in the same situation like KGC which makes them both worth watching.

Silver Standard Resources daily chart

ssri weekly chart

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Sunday, October 29, 2006

Gold Miners ETF

The GDX closed the week two cents above the 50 weekly moving average. RSI is a bit below 50, PPO indicator seems to be ready to turn back up , stochastic is crawling upward from oversold condition. Key resistance at diagonal line (purple line) could be challenged quite soon.

gdx chart


Sunday, October 22, 2006

Kinross Gold

Interesting that for some reason Kinross Gold is quite strong compared to gold, silver, mining indices and most other gold and silver miners.

Note that KGC made higher highs and higher lows while mining indices made lower highs and higher lows.

kgc weekly chart

kgc long term chart

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Monday, October 09, 2006

Newmont mining

NEM is around the 200 weekly moving average and investors / traders might want to pay attention to this stock.

Newmont mining weekly chart

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Wednesday, October 04, 2006

HUI / GOLD Ratio.

The HUI chart might look kind of ugly after the latest dump but technically nothing of great significance had happened. The HUI like most other gold and silver stocks indices did not go below the June lows.

Closely examining the Hui/gold ratio, notice the wave count and the implication of the wave count if true – a strong rally which should follow once the washout is over and the ABC (wave 2) correction is over. So, yes believe it or not I'm thinking a strong and sustained gold rally is just around the corner. There are many good fundamental reasons for that and the technicals are slowly creating the perfect opportunity for long trades on many time frames.

Going forward gold / silver and PM's Investors and traders should pay attention to the following market information:

1) The spot and future price of gold and silver.

2) Mining indices : HUI , XAU , GDX, GOX.

3) The price of other precious metals (palladium, platinum. etc.)

4) The price of industrial metals.

5) The price of oil and the energy complex.

6) Interest rates and currencies.

7) General commodities markets

hui/gold ratio chart

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Monday, October 02, 2006

Denver Gold Forum Webcast

Canyon Resources, Silver Standard, Dundee Precious Metals, Metallica, Nevsun, Royal Gold, U.S. Gold, Eldorado, NovaGold, Gammon, Miramar, Crystallex, Cumberland Resources, Robert McEwen, Silver Wheaton Corp., Newmont Mining and more…

Denver Gold Forum (September 25 - 27, 2006)Webcast Link

Enjoy :)

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