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Steady As She Goes

Gronk

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What do you know? After trying to fake me out by blasting past my $79.80 target today, the dollar capitulated and sold off deep to about $79.25 at the lows. It’s now about $79.40.

I think earl and gold are the plays here right now, and if you are not in my two “Samurai 7” earl plays, COP and PBR, then you want to really think hard about them tomorrow. That COP is just too phat at 8x trailing earnings and a nice yield to boot.

Moreover, I think it’s safe to say that SLW was the call for today.  Unfortunately, as I recounted in the comment section of my last post,  I missed my buy stop by about ten cents.  See what happens when you try to get finicky like that?  I think I’m better off just buying at market sometimes.

In any case, the PM trade seems to be back on for now, and besides my favorite silvers like AG and EXK, I would be looking to the gold juniors, specifically GDXJ (the ETF) and AXU and BAA if you can stomach the volatility.  Otherwise, AUY, GG and RGLD are looking good here, Lucy.

Best to you all.

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Patriots’ Bum Rushed!

 

 

 

 

The Secret To Taking Out the Patriots Next Sunday?

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Teahouse ain’t gonna like it, but…. what’s a fellah gonna do when he finds a graphic like that out on Twitter?

But hey, let’s put these Superbowl squabbles aside for now and bask in the glow of some relatively overbought, but still promising markets.  From yesterday, some of my bigs, including ANV, RGLD and AXU just did not want to give up their marches northward even with the brief spurt of the dollar and the commensurate minor shellacking of the precious metal commodity markets.  Heck, even SLW, AG and EXK, my silver darlings, did not give up much today, despite precipitously overbought conditions.

That leaves us with a bit of a problem, however, as we don’t want to enter or even add to these great weekly stories until we get a bit more of a blowoff.   This predicament is not wholly PM-restricted either, as  I am hoping for the same pullback in my recently relentless “Stock of the Year” pick, UPS, and my Seventh Samurai servant, MON, as well.

Luckily, I have another Samurai that has been taking a bit of a rest lo these last three trading days, and coincidentally, it happens to be my best performer of the year.  Yes ladies and gents, that odd post title did stand for something… the ubiquitous PBR, which hit exactly at that $32 resistance I mentioned when I first recc’ed it, and, like a good Brasilian trophy wife, has sold back in the most delicate manor.  Note how the 20-day has now met the 200-day EMA in this nascent recovery of 2012?

 

 

 

 

      I think we may have one, and perhaps two more days of consolidation left in this girl from Ipanema, and I’m hoping for an additional pickup in the $29.25 area, perhaps tomorrow sometime.   I think earl is already starting to take up it’s part in the “liquidity wheel” along with gold and silver.  This darling will continue to benefit, as will we all.

My best to you.

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Free Money Available Here

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gentlemen, Start Your Engines!

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I don’t generally do the intentionally provocative headline unless I’m trying to get your attention.  And usually, I’m only trying to get your serious attention on the breaking political stuff.  Very rarely do I pound the table on the market picks, unless I think we’ve entered a special “sweet zone” where we should collectively be taking advantage.

I believe this may be one of those times.

Let’s start with the commodity gold ($GOLD) weekly chart to show where it all began last week.  I’m going to use the weeklies on all of these mostly to show the consolidations and the breakouts, and also to show how much room this thing still has to run before it gets RSI oversold.   The gold weekly broke out of a consolidation flag that has been forming since September:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Now let’s look at silver, via the double silver ETF $AGQ, where we are back above that first resistance support line after undergoing an RSI-divergence (again) since September:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Last, let’s have a look at the gold bug index $HUI which shows us what’s going on with the major miners.  Note that we’ve been in a consolidating channel for almost 17 months now, and we have taken off from the most recent bottoming with a strong weekly push:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

I think that failed channel breakout from early September that has now consolidated into a flag pattern within the larger horizontal channel means that Baby $HUI is readying itself for a final breakout to the next level.  Again, the abundant room left in the RSI and the other stochastics also give me some comfort here.

Now there’s a lot of room to make money in a cornucopia of names here, and– again– I’m showing you the weeklies to indicate that there’s time left for you here, especially in the traditionally strong names like AG, EXK, SLW, ANV, AUY, and even the larger players like GG and ABX.  If you are not in any of them yet, then I would certainly make sure I had a position in SIL, GDX and GDXJ in order to cover the industry as completely as possible.

As for my favorites right now, I’ll give you a couple that I think you can buy “rain or shine” tomorrow because they’ve got so much “mo” behind them right now.  The first is my long time favorite and Jacksonian, RGLD:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Again, there’s just so much power in that lift off the floor.  You can wait, of course, to see if we break out of that triangle, but I think that volume and price action from last week are indicating that we may get out of it as early as this week.

My other “immediate” pick is Alexco Resource Co (AXU), which I have not mentioned in at least a year.  Alexco, however is betraying a consolidation pattern almost as toothsome as the one AUY broke out of late last year.  As you can see, this one’s bumping it’s head on the hypotenuse ceiling of that triangle.  I think with anything close to the volume of last week, that ceiling is history.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Enjoy, and partake, if you like.  Despite the temporary winds against us right now, I don’t think we’ve seen an opportunity like this in almost 18 months.  Make hay while that sun still shines.

Best to you all.

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It’s a P.M. Dawn

[youtube:http://www.youtube.com/watch?v=-dzpTFQR0Tg&feature=related 450 300]

Whatever happened to gay rap anyway?

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Today was kind of interesting, no? False alarm breakouts all over, and almost none of them held…

Save for the PM miners of course. Sort of like a… a… PM Dawn, no? I took my cue off the Baby $HUI earlier today, as it had gracefully touched the bottom of it’s trading channel and then sprung up like a coked out stallion loose in the mare barn.  True, it sold off some at the end of the day after that initial hop up.. but I still like the pin action.  Note:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Despite the long wick in that last candle, I like how there’s still lots of room to run on the RSI and the other stochs.   This puts me in the mind that we are seeing a genuine handle breakout here.   On this action, I doubled up on my XRA and BAA positions, as noted in The PPT today, right before lunch.  I also added to EXK, AG, GDXJ and SIL.   I even bought some more RGLD, just to add to that pile.

Some other nice movers today that I own, but did not add too (much to my chagrin) included AXU, ANV, AUQ, AUY,GSS, NUGT, IAG, NXG, etc.  Keep an eye on these for further developments tomorrow.

As I type, the dollar is below $77, Gold is well over $1,810 and silver is over $40, indicating the $HUI is steering us in the right direction.   Enjoy tomorrow, as I will be “road-bound” again, and checking in from remote airport locations & scruffy hotel bar rooms.

My best to you all.

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Please, Come Join the Bandwagon…

bandwagon

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Shockingly, the world did not end today (yesterday), which put a huge crimp on my “buy the dip” strategy on the global gold scale.  This was especially true for DGP, which I finally got tired of waiting for and glommed at the $50.75 mark, in “first position” size.

Even more shocking, it seems everyone and his brother decided to become PM bloggers overnight.  No matter, my bandwagon is large and full of goose down cushions.   But certain friends are going to have to become less “jumpy” in their inclinations to ride this next wave of the bull.  There’s lot’s of meat on this bone, and we are early still.  Hastiness will not do.

Take for example the “gift” I left at your doorstep the other day?  Remember AXU, and how I illustrated that it would pull back to the $7.70 marque, where it should then be SHOMPED with all due severity and muscle strain?   Well… let’s see what happened in the space of just three or so days:

Here me now and listen to me latah (sic):  AXU is going back to it’s all time highs, and MOOOOAH! How do I know this?  Because the relative strength of gold is across the board scary right now.  And the miners will generally fall into line with a rising gold price, and the miners are well undervalued in regard to a POG that is floating near all time highs as of today’s session.

Look at this $HUI  Goldbug Miner’s Index… better yet, look how MUCH room it has to make up for:

And guess what?  Baby $HUI is going to new all time highs as well!

And just so I can show you that I have some versatility in breaking away from all of these nascent gold bloggers, let me show you another stock I’ve been eyeing for quite some time now, and which I believe is set for a long term up move here.  Data Security anyone: VDSI?

I’ve liked this one a lot in the past (ea, and it looks like it’s ready to resume running here, real soon.   Best to you all.

 

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Just Say the Word

[youtube:http://www.youtube.com/watch?v=2WNrx2jq184&feature=related 450 300]

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Let’s face it, all the rocket ships I gave you over the last couple of days are now as egregiously overbought as Mrs. Fly’s Visa Card after a vacation in Paris.  I mean, that shit is panting.  It’s needs a new magnetic strip and make this next one indestructible titanium, please.

But enough japes about our wives spending habits.  What the hell is money good for anyway if you are not going to lay it out for your wife and children to dance through, mazurka-style?   And I’m here to talk about money and opportunity.

Those of you who were too timorous to take advantage of the earlier week’s outstanding pin action may be able to take a second spin at the wheel here in the very near future.  Almost everything is overbought on my RSI charts (as you will see) and even the $HUI is looking tired after some two weeks of glorious struggle with its support line.    You know about the Jacksonians — SLW, ANV, EXK, GDX, RGLD, etc., etc., and they should offer nice opportunities in the coming days as well.

But tonight’s study is going to be some noobs for the Noob community.  I have recently put some money into AXU (along w. le Monsieur), but I have not yet dabbled in AUQ or BRD.   I believe that may change in the next few days.   Here are my three charts, which detail my entry points. I begin with AXU:

And then AUQ:

And maybe my favorite of the three,  for the punning eventualities alone, “the BiRD” — BRD:

In the next week or so, I believe everyone will have heard, that the Bird is a word.

Best to you all.

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