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Lejun James Shao is the founder of (, 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 And Gold Miners Had A Great Day

    GLD, as I expected, successfully tested its double bottom today. May see 156.00+ again in coming days:

    Once again, buying at open gap down at strong support proved to be a valid short term trading strategy.

    NUGT - It gaped down at $4.77, which proved to be a very good entry price and it had a great day, up 15.30% and more to come:

    AUMN - Finally it closed with good run after five big down days. Shorts tried very hard to bring it down as much as possible. It successfully tested a double bottom and then a break-out today. Up 13% from its bottom today. $2.16 should be served as its near term lows.

    See 5-minute chart:

    Disclosure: I am long NUGT, AUMN.

    Mar 06 8:50 PM | Link | 5 Comments
  • VRNG - Ready To Run

    VRNG - $3.06.

    Today is the first day it closed at below $3.10 this year. It is a broke-down. If you look at its one year daily chart, you will find out that every huge and quick up moves (five times during the year) always started with sudden and big down moves to below $3.00:

    (click to enlarge)

    Today's broke-down may mean that something big will happen.

    Stock is always manipulated.

    Disclosure: I am long VRNG.

    Tags: VRNG, GOOG
    Feb 21 8:48 PM | Link | 1 Comment
  • What Is Next For The Gold Price

    We were quite bullish on the possible trend reverse of gold price at the beginning of this month. But the analysis we did proved wrong.

    Below is the weekly chart for GLD. GLD had two gap down moves last week.

    First, last Monday from 161.57 to 159.70 and the second, last Friday from 158.35 to 155.76.

    It bounced back Friday when it touched the bottom of its down channel at around 154.56. It is short term oversold and may see some rebound this week but it is highly likely that it will drop further to $150.00 area before we see the real bottom.

    The recent quick drop provided another very good short term buying opportunity. As the chart showed that whenever GLD had a big and quick drop, it will be followed by quick, big rebound.

    Can history repeat one more time?

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Feb 18 10:04 PM | Link | 3 Comments
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