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Jeb Handwerger
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Gold Stock Trades Editor Jeb Handwerger is a highly sought-after stock analyst syndicated internationally and known throughout the financial industry for his accurate and timely analysis of the equities markets, particularly the metals and mining sector. Subscribe to his FREE Newsletter right... More
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  • U.S. Gold Making Major Gains, 90% Gain From Original Recommendation

    U.S. Gold (NYSE:UXG) continues to be one of the best stocks in the overall market completely bucking the previous correction.  Please read my previous post from last week where I highlight the 4 major reasons this stock is moving and why I believe it will continue higher.  Click here for previous post.

    We will have pullbacks but the next target for UXG is pre crash highs of $7.  UXG is leading the precious metals market as it is at the top of the list in performance over the past 6 months.

    Best Performing Stocks
    Symbol Company Name Percent Change Chart
    RVS Riverstone Resources Inc. 114.81%
    GMO General Moly, Inc. 84.34%
    APLL Apolo Gold and Energy Inc 81.82%
    UXG US Gold Corporation 79.27%
    FRG Fronteer Gold Inc. 70.54%
    BCLE Bio Clean International In… 50.00%
    ANV Allied Nevada Gold Corp. 47.70%
    RIC Richmont Mines Inc. 36.37%
    DPM Dundee Precious Metals Inc… 34.37%
    SA Seabridge Gold Inc. 34.19%

    Notice two of our recommendations are up there General Moly and U.S. Gold.  New Gold would be up there as well with a 90 % gain but for some reason bigcharts doesn’t classify it as a gold stock.  Taseko is up close to 200% gain for the past year.

    Since 2001 I have used technical analysis and specifically relative strength to focus on tomorrow’s leaders in the mining sector.  Having a discipline and following strength in a sector that is filled with shameless promotion is key to making gains.  Fundamentals analysis alone will not achieve the same investment return.

    Here is a chart from our recommendation point of 6/2/09.

    Subscribers have close to a 90% gain and I appreciate all the subscribers who waited patiently through the correction where we gave back a 45% gain.  I believe in holding on to winners.  Stocks that I recommend have potential to make huge gains, but one has to patient as stocks correct and create another base before blasting into new high territory as in the case of UXG.

    Disclosure: Long UXG
    Tags: UXG, GMO, NGD, TGB, GLD, SLV, gold, mining, silver
    Jun 17 10:11 PM | Link | Comment!
  • Market Makes Move Above 200 Day on Higher Volume


    Today the major indices made an important move to regain the 200 day moving average and clear resistance on higher volume.  After making 2 previous attempts to cross the 200 day the markets are appearing to have made a successful double bottom.  The double bottom pattern would be more confirmed if the volume on today's breakout was above average.  Nevertheless, it was higher than the previous day which means the bulls have won the short term battle and are in charge.

    Also the Dow made a double top breakout on the point and figure and a break of a trend line.

    Many leading stocks are showing bearish signal reversals on today's rally which means it may have legs especially aerospace and defense stocks as the Middle Eastern Situation between Iran and Israel intensifies.  Any short positions need to be covered and additional buy recommendations will be coming shortly.

    The rally was good for gold today and I expect a breakout to new highs shortly.  Gold is making an ascending triangle and I expect a breakout to new highs in the short term.  $122.50 would be the next breakout with a measured move expected to $137.5.


    Disclosure: Long Select Gold Mining Stocks
    Jun 15 8:28 PM | Link | Comment!
  • Three Failed Attempts to Regain 200 Day Moving Average, Buyers Beware!

    In baseball if you swing and miss three times then you are out.  On a chart if you see three failed attempts to break resistance…get out or short.

    Each time the SP5oo tries to regain the 200 day moving average it fails and it is immediately hit with selling.  Sellers are in control and the market is still in correction mode.

    Today Moody’s downgraded Greece’s debt which caused the market to give back early leads.  The chart shows a picture of a move up to the 200 day on low volume.  This means there is very little buying going on.  In order for me to gain confidence in the markets I need to see a break through major resistance levels with conviction and that moment is not apparent yet.

    Quite contrary three failed attempts to regain major support has failed.  This causes me great concern because in a bull market the 200 day acts as support.  In this case it is acting as resistance, which is typical of bear markets..buyers beware!


    Jun 15 12:49 AM | Link | Comment!
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