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Of my favourite (sic) PM positions there are quite a few that are “almost there,” for an optimal buy, according to my weekly (ie, “long term”) reviews.
And then there are two that I like for tomorrow. They are PAAS and ANV. I will look to add tomorrow morning. There are a couple that may need one more day (and it may not even be a full day) like SLW and EGO. If you can get RGLD below $43, you are one blessed by Fortune.
As for “rippers” that will be taking advantage of any continuing up move in the regular markets, CREE and VECO, the LED twins, are taking off again. I expect POWR will be not very far behind them.
Attendez!
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I added more IAG and SLW yesterday only to take a drubbing today, but I am confident that they will rise like the phoenix in good time. So I am holding holding for the long term.
Indeud!
Indeud. There is never a right time with these cursed things, so, by parodoxic consequence, there is never a wrong time either.
Add slowly and wait for the bull.
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That clock is a seiko…funny.
Jake, I’m stalking BAA (tsx). Does it still have your blessing?
Yes, but remember, BAA is a junior-junior. Play small. I’d much rather you’d do EGO, IAG, ANV, and SLW.
And EXK and PAAS and of course, RGLD. RBY is another good junior-junior, as is GSS and NGD.
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Seiko is photoshopped. Today is the first day. I hope you took advantage. Tomorrow, it’s EGO and EXK.
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The $HUI is still above the 200 Exponential MA but it is the GLD that worries me here as it is barely clinging to support at 116.25 (89 MA) and my feeling is this rise in gold may only be a temporary reaction to European bank stress test uncertainty. Also, a summer rally in equities could dampen enthusiasm for gold.
Watch the dollar!
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…and GLD did not refudiate (sic) breaking its long-term uptrend line last week …SLV has not yet failed its trend.
Jake – Thoughts on NG?
$6 looks like support.
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Addendum — ironically, the chart looks a little like TNA, recently. Hmmm…
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Thanks. I’m just starting my research on it. I guess they are still a bit away from starting production, but they have had investments from Soros and Paulson, and Faber’s on the board. From Market watch: The Donlin Creek site holds at least 34 million ounces, with a street value today of about $41 billion.
I’m trying to be a bit more rigorous on my PM picks, since I holding and not trading them. I’m still a little pissed I let go of EGO and to a lesser extent NGD. I’m trying to keep a 5% – 10% allocation in PM, but with the success of my PPT “activities” it’s a bit more work. 🙂
Precarious!