Everyone is now calling for $1,000 dollar gold. The chart looks great, and technically it could very well become a reality. Here are two small mining plays that could breakout upon further strength in gold.
Hecla Mining Company [[HL]]
PolyMet Mining Corp. (USA) [[PLM]] Note: careful, low volume play, but the chart looks great. Wait for volume to come in before entering.
Note: Both stocks are to be traded if you see a rise in price simultaneous with a rise in volume.
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keep an eye on QMM and XPL..2 laggers with volume comming in
QMM, good find. I just bought some HL for a trade.
PLM perking
HL is the pick.. Look at Iam Gold (IAG) for the past 3 months. Talk about out performance.
I should have said past 9 months.
Where is Prechter now??
Prechter has a window of about 10 fucking years..he is useless.
there goes PLM
Everyones pointing out how hard gold and the miners pullback when the time comes, but this volume doesn’t seem driven by traders, but larger pools of cash.
I had a great trade in $AUY, but exited this afternoon due to that pullback history. What are your thoughts on this pullback prediction and current volume levels?
Don’t try to time these things. If you must trade, trade around a position, and don’t ever dump the whole thing… at least to Christmas here.
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