IAMGOLD Corp (IAG)

[4Godnwv]

I think at this point the price of gold is dictating the direction of the miners. Yellen punched a hole in gold's boat today, so that needs to be patched. The $HUI has been trending down all week, so it's not just IAG that is losing ground. I buy physical gold and silver every week, don't care what the price is, because I know that eventually prices are going to turn north. I have a long term timeframe on that investment, and consider it more of an insurance policy really.

Individual stocks are a different story. I like to swing trade as much as possible. For that reason, I'll wait until the tides change. IAG has support below this level at 2.06-2.08 then 1.92 -

IAG is my mining stock of choice, so when warranted, I will play it again. I tend to keep playing the same few ponies, because I can get familiar with the cycles. For me, the lower it goes the better, just means more gains when it turns. Of course, you could play it the way I play physical.

Currently I'm in DSLV so that tells you the direction I'm betting on.

GT's
4God

[amirs9]

bottom Chanel 2.07

[Fanthos]

Watching closely here. Either way sub 2.12 is a steal

[4Godnwv]

Waiting to see if the 50dma @ 2.12 holds. If not, some support at 2.06-2.08. After that sheesh!

[Fanthos]

Almost to my price point. May enter half a position there.

[4Godnwv]

Ha! Be still my heart, I'd back up the trucks on that one.

[Fanthos]

Might see 1.80 again

[4Godnwv]

Agree. I'd like to see 2.10-2.12 (50dma is currently @ 2.11) but IAG seems pretty happy here at 2.18-2.20

Doji today and low volume both seem to agree with an aimless gold/silver day.

Watching.

4God

[Fanthos]

Might wanna wait a few days to gather the direction of the dollar. But this position is a good buy. Either way you could average down if this falls a little more.

[4Godnwv]

Looking at IAG again. Maybe 2.10? Got nervous and bailed a little early on the last pop, don't wanna get back in early too. Watching spot gold action. 4God

[Fanthos]

2.10-13 seems to be the bottom. I see this stock hitting 5-6 dollars in a few years. Possibly much higher if traditions continue with the stock market crash every 10 years. IAG will skyrocket.

[4Godnwv]

Haven't lost faith in PM's or IAG, just liquidated my paper today to takes some gains and consolidate a bit. Planning on swing trading until this market picks a direction. Agree with you completely that the overall bull market is long in the tooth. Holding physical until Jesus comes back! Good trades.

[Fanthos]

Dollar will correct back to it's normal trading range. IAG may very well see 3.30's again by that time. And an added bonus, possible stock market crash may propel this to a nice gain towards 12 bucks

[4Godnwv]

Out 2.311

[Fanthos]

I'm thinking longer term like maybe a 6-12 months. Where could this be. Given a chance the stock market may correct or drop 20-30%

[BooDog]

using todays low as a s/l as long as tomorrow is a higher low it may be good for a swing.

[Fanthos]

When do you suggest is a good time to buy?

[BooDog]

http://charts.stocktwits.com/production/original_36497183.png?1430967012

[4Godnwv]

Q1 earnings report looks pretty good. IAG should pop nicely tomorrow if gold has a good day.

[4Godnwv]

Long term...this overblown, freak of a market, perpetuated by 'free' money (really nowhere else to park it) goes the way of all balloons that get to high. When that happens gold and silver will return to their "normal" value, which is much higher, imo.

[Fanthos]

Is this a good long term buy anyone thinks? At sub 2.00

[BooDog]

No way! I'm GLOBAL! Giddy up IAG!!! Who knows what's really going to happen today, tomorrow or next week. imo IAG is starting to wake up.

[Dragnet]

Alright! We have action! To duh moon!

[4Godnwv]

lol - BooDog is here too. We need to ban him to show our authority!

[Dragnet]

Since you and I seem to be about the only two on this board I'll sponsor you as a mod if you sponsor me!

Then we can keep the other person that might join under control. lol

[4Godnwv]

No worries - IAG sold off pre-fomc comments (as did most everything) came back in the afternoon, then sold into the close. Typical, imo
Good volume today! Next resistance @ 2.51
Churning just gives buyers more time to get in.
I like the behavior recently.

[Dragnet]

This should be a 5-7.00 stock. I don't understand why it's discounted so heavily for so long.

The company has great performance, lowered cost per ounce of production.

Has great production...I just don't get why this has not caught on fire even with low gold prices.

[4Godnwv]

imo, next bus stop is 2.51 (the hod 3/2) GT's to all, 4God

[BooDog]

Nice going. Yes we do have our own. I've recently switched to an 8 day exp into my decision for swing plays. A little leniency and some of my other set ups have helped me quite a bit.
looking for some nice green here.

[4Godnwv]

Thanks BooDog - the 30ma is my primary indicator. Buy above it, sell below it. Not that it is the only thing I look for, but it does give me rule #1 in an attempt to take emotion out of my trading. If you clear the other indicators from the chart, you can then use the 'straightaways' of the 30dma to draw pseudo trend lines. Add parallels and you have fairly decent no fuss channels. Clearly we have broken out of the recent downtrend. Will it last? Only Mr Market knows that. For me, charts show 'what's happening' - I'll leave 'what might happen' to the gurus, lol
Again, I appreciate your help. Good trades, 4God

[BooDog]

6 month. Like what I see...




My respects to the team and condolences to the family and friends of the family member lost in Mali over the weekend.
http://finance.yahoo.com/news/fatality-resulting-vehicle-accident-mali-202700891.html

[4Godnwv]

BooDog, I can't post charts at the moment. Would you mind posting a 6 month daily of IAG with a single 30dma - and an RSI on the top and a MACD on the bottom?
Tia, 4God

[BooDog]

movin imo

[4Godnwv]

In IAG @ 2.15

[4Godnwv]

Thinking about taking a small position in IAG, maybe tomorrow.

[BooDog]

Lks like it's Happy Friday TomorrOw!

[VanWilder]

I continue to load. Let's hope they spend the Warchest wisely. I am concerned they are falling into the African "value Trap" and ignoring the company making assets in Canada or Nevada.

IAG GO Hostile on Rubicon, Lakeshore, Richmont, for goodness sakes. What do you have to lose ????

IAG is CHEAP


LONG


Van

[BooDog]

We may just end up walking it up ourselves too. At least very short term.
Think we're more sector reliant at this point. I'll be getting more as I can here and there. No hurries.

I hold this stock and believe it is grossly undervalued.

Yup. I agree.

[Dragnet]

Love the action on this board can I be a mod for the both of us using it? Lol

I hold this stock and believe it is grossly undervalued.

Look at the financials and prove me wrong.

[BooDog]

giddy up lil doggie. 2.20. eom

[OntaREEo]

May be a buy here unless gold takes another leg down ...

[BooDog]

IAG just may pinch a bit.

[JohnCM]

They ( pm miners ) all act the same. It's not about finding the right miner, it's about your timing.

I like IAG, but do not hold shares. I like BTG too.

[inversor86]

IAG is not performing so well without any Nb to reap profits from.

[Kylef]

Iag Volume was Crazy...Now Imagine Some News comes Out!...Would be amazingly Nice!

[Kylef]

Iag might Gap, Iag Nice Great Entry up over 7% up now....WOW

[Kylef]

Iag Run this thing to $3...Now!

[Kylef]

Iag Nhod Coming up 7% now stock headed up is Confirmed

[Kylef]

It seems to be Interest in it right now...so it is going up, Hope it gets above where you Entered Asap.

[Fanthos]

I bought in at the wrong time at 2.44 oh well. Can still turn a profit