Blog Archives

AG First Majestic Silver Looks Good Into End of Year

AG First Majestic Silver Corp. looks like it is setting up into a good run into the end of the year.  AG took a huge beating with the silver crash and has been drifting at the lows recently.  But now it looks like it is going to make an attack on the apex of the large symmetrical triangle and perhaps later this year make an attempt to bust topside through the triangle again.

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Posted in Mining Stocks
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Rare Element Resources Ltd Trading with Strong Momentum

Rare Element Resources Ltd is moving up in a vertical straight line and the momentum is quite astounding.  The stock may become interesting if it can get some type of sharp correction back to the breakout area of 4.20 in the weeks ahead.

The advancing volume on the stock is really a major sign of strength on a longer term basis and seasonally mining stocks right now are highly favored. 

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Posted in Mining Stocks, Stock Setups
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Sp500 Sitting Right Under Resistance Channel

The sp500 is sitting right under the medium term resistance line that has marked the downtrend since end of April 2010.

Today was pretty much a non event day in terms of price movement and the sp500 printed another doji candlestick with a modest range.  It was also an inside day in that we did not exceed the high or the low of yesterdays price action.

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Posted in Index Trading, Market Timing, Mining Stocks, SP500, Technical Analysis
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Gold Stock GSS Golden Star Resources Setting up for a Breakout

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GSS Golden Star Resources may be setting up for a breakout soon.  Amazingly GSS has been in a consolidation since December 2003 !  I don’t know about you but that is a LONG time in both regular time and trading time!  GSS is now slowly approaching its long term down trendline and I think it has got a good shot at getting some sort of breakout going.

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Posted in Gold Market, Mining Stocks
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PLM Polymet Mining Corp Ready for an Uptrend ?

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Polymet Mining Corp may be getting ready for some sort of uptrend here pretty soon.  If you look at the chart I can conclude a few things already.

  • It has held support on its uptrend line since mid March with 2 tests.
  • It has completed a consolidation of about 2 months duration.

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Posted in Mining Stocks, Online Trading, Stock Setups, Technical Analysis
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