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Lejun James Shao is the founder of www.myIRAs.net (http://www.myIRAs.net/), WhitePine Investment Inc of USA, and CEO of WhitePine Software Inc, Beijing, China. He was the top finisher in MSN's 1st US One Million Dollar Investment Contest, "Strategy Open Tournament," with a +45.88%... More
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  • GLD - Where It Will Go Next (Follow Up)

    This is a follow-up article.

    I wrote my last article on April 29. GLD's following two day's move followed its previous pattern well.

    Chart 1: GLD December 29, 2014 to January 2, 2015

    Chart 2: GLD - April 29 to May 1, 2015

    So far, GLD's current run is a little weaker than its previous run but the pattern repeats well.

    What will be the next? Will we see $125 in May? Only time can tell. So far so good.

    Tags: GLD, gold
    May 02 8:06 AM | Link | 1 Comment
  • GLD - Where It Will Go Next

    GLD re-tested its bottom on March 17. The bottom was 109.77. Last November bottom was 109.75.

    Since then, its chart followed last November -> this January's pattern. See its daily chart below:

    First, GLD ran to 117 high then pulled back to 112.50, went up to 116.00. So far, we see a repeat.

    In last January run, it re-tested 112.50 before run to 126. Will we see the same pattern next? Only time can tell.

    No matter what pattern it will go next, we should see 126 again in may.

    Tags: GLD, gold sector
    Apr 30 2:22 AM | Link | 3 Comments
  • JNUG - Doubled In Three Weeks

    Gold price has been flat since March 27.

    But Gold miner ETF GDX and GDXJ have been in uptrend and playing with 3Xleveraged bull ETFs can give the investors huge returns if we implement a short term trading strategy and the timing was right.

    The chart below showed the buy and sell signals in the last 15 trading sessions for JNUG. With only 6 trades, the total return is more than 100%:

    (click to enlarge)

    Trade 1 - buy $16.00, sell $20.00, gain 25.00%, hold two days;

    Trade 2 - buy $18.18, sell $21.80, gain 22.00%, hold two days;

    Trade 3 - buy $18.00, sell $20.50, gain 13.80%, hold two days;

    Trade 4 - buy $19.00, sell $22.00, gain 15.70%, hold three days'

    Trade 5 - buy $20.30, sell $22.00, gain 8.60%, hold one day;

    Trade 6 - buy $19.80, sell $22.00, gain 11.00%, hold two days.

    Total return: 139% compounded.

    That is only half of the story.

    The chart showed an ascending triangle bullish pattern. Once it breaks out $22.00 strong resistance, we may see $29-$30 in another three weeks and we may make another double in the following three weeks.

    Tags: JNUG, GDX, GDXJ
    Apr 22 8:14 AM | Link | 1 Comment
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  • long on SCO and RUSS and will put stop-loss on SCO at 60.00. RUSS at 11.30. I am betting that oil price will drop Tuesday or Wednesday.
    Feb 16, 2015
  • $GLD topped on 1/22 and is now moving down slowly.
    Feb 5, 2015
  • $RUSS and $RUSL are good pair for short term trading.
    Feb 5, 2015
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