I am looking for gold juniors or exploration companies. If anyone has anygood sugestions would be great. I have some stocks with NGX, VIA and barrick gold and well try to add to my postion as they are sinking right now. i do beleive this is where to be when us raises there rate over the next few months... / ---little help off topic--- well in look for a little advice!! I am only 25 and make about 42k a year have little dept. I put about 400 a month is this enought or should i be looking at tryin to save more???? i guess im just feelin oput classed,,,, I have been investing and trading for a couple years now seens like im going no where ,, any advice would be much a appreciated
Posted by northernprophet on :
Click the link and read the article. Gold, Silver and Platinum are a trinity, like the DOW Transports, Industrials and Utilities. The Dow theory guys have been screaming that the weakness in the transports was foreshadowing a market fall. They were right.
Now, in the precious metals, platinum has been in a tight channel formation for 9 months. A tight channel formation after a run-up is very bearish. If platinum cracks, that would be a major non-confirmation for gold and silver, and they would fall as well.
Posted by northernprophet on :
I posted that other link to show that everyone has a different opinion.
I like the palladium sector.
Also, I started palying the stockmarket in my early 20s and never started consistently making money until I used technical analysis.
Go to www.bigcharts.com and learn how to use the site. It is the best charting service on the web.
The first thing I do before I buy a stock is look at THE 10 YEAR CHART.
Lots of the ideas I get are from brokers and newsletters, but I do not buy anything that is heavily promoted. I receive Canaccord broker D.Pescod's newsletter and get some ideas from there.
Posted by popsgotee on :
Here's a couple of plays I'm in FYI
VYE.TSE OR VCRYF.PK
PBX.TSX OR IPBXF.PK
Pops
Posted by northernprophet on :
I ONLY BUY speculative stocks that have made a long term bottom.(Or in a powerful uptrend coming out of a long-term bottom). In the 1996 gold rush, a company called Romarco Minerals hit $8-$9/share.
Today it is at 25 cents with an impressive Nevada property portfolio. It is not ready to run quite yet, but with strong institutional ownership and less than 25 million shares out, it will someday be a nice winner.