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Casual investor with a flair for investing.
  • Reload on Gold stocks on any pullback 3 comments
    May 26, 2009 11:20 AM | about stocks: ABX, AEM, EGO, GDX, GG, GSS, HL, KGC, LIHR, NEM, NG, AUQ, PAAS, XRA

    Inflation is coming.

    Market uncertainty will continue even though the bullish trend is still intact.

    I would take any pullback in Gold prices to reload on Gold stocks. Today morning I added yet another Gold stock to my portfolio. Kinross Gold Corporation - KGC. Heavy options action indicates that this stock is headed higher. I was able to buy at an attractive price when Gold pulled back today AM but even now I believe it is a good buy.

    Gold and Silver stocks I like including speculative plays are:

    ABX, AEM, EGO, GDX (this is an ETF for Gold mining stocks), GG, GSS, HL, KGC, LIHR, NEM, NG, NXG, PAAS, XRA

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  • InvestBaboo
    , contributor
    Comments (229) | Send Message
    Author’s reply » Needless to say -- these stocks are strong buys based on both Daily and Weekly charts. I would not buy a stock no matter how great the fundamentals if the chart metrics don't tell me to do so!
    26 May 2009, 11:45 AM Reply Like
  • Seeking Freedom
    , contributor
    Comments (3) | Send Message
    please explain what charts you are using. can we get them on or did you have to buy a chart program
    9 Jun 2009, 07:10 PM Reply Like
  • InvestBaboo
    , contributor
    Comments (229) | Send Message
    Author’s reply » Hi Freedom:


    I wish it was easy to explain. I use several charts starting with the Prophet Charts built into my trading platform, ThinkOrSwim. Secondly, I use chart programs from A lot of people use different methods to analyze charts but I use my own which I learnt over the last 2 years. For instance, I pay more attention to price-volume action above and below the moving averages than to lagging indicators such as CCI, Stochastics, etc. And then I combine this with my own wisdom and experience from the past to get a handle on what the future may hold. So two people may look essentially at the same chart and come up with two different outlooks. That is when you need to look at the track record of the person and decide whose anaysis you like better.
    9 Jun 2009, 08:48 PM Reply Like
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