It appears that the gold price is setting up to move into a parabolic type advance now. There was a lot of sideways cause built up since the March 2008 beginning of pattern and now some of that cause is being used up but I suspect it is nowhere near being finished yet. I would … Read more
TLR Timberline Resources did an important test today of support and swung down to test demand just above the 1.00 level. The test passed with flying colors as we say almost a complete reversal and close near the top of the range. I think TLR still has more work to do but it appears to … Read more
I decided to go long TLR Timberline Resources right now for a while. This is a trend trade and I intend to hold it through the end of this year. I expect the gold price to maintain a bullish bias going into the end of the year and into the first quarter of next year … Read more
The GDX today traded 23.3 million shares in volume which is an all time record. Granted the GDX ETF has not been trading for 10 years, but I still think this is a significant fact today given how slow everything else is these days. The GDX also blew out the swing highs from 29th May … Read more