The Cork Board

[investor15]

Suit up for the best summer ever to buy resource stocks and here are ten epic charts

POSTED ON MAY 9, 2013 BY CEO TECHNICIAN

Two weeks ago Sprott USA Chairman Rick Rule said:

“This is the first time since 1992 that I’ve seen high-quality gold development assets reasonably and cheaply available in the market…”

With the summer doldrums fast approaching what is a resource investor to do? While many will head off on vacation and try to avoid looking at stock quotes like the plague, those fortunate enough to have available cash to invest could be presented with generational buying opportunities in the highest quality mining & resource companies.

After sifting through over one hundred charts I have selected ten which offer the most promise based on several criteria. Over the coming months investors will want to pay attention to charts that show evidence of at least a couple of the following:

Accumulation at or above long term support levels
Higher lows
Relative strength
Holding trendline support
Breaking above downtrend lines and key resistance levels
Stocks that don’t make new lows during the summer doldrums are probably excellent longs heading into the fall
So without further ado, the 10 most interesting charts:

Click to enlarge (link below)

Alpha Minerals (AMW.V)

Asanko Gold (AKG – AMEX)

Yamana Gold (AUY)

Cameco (CCJ)

Kinross Gold (KGC)

Luna Gold (LGC.TO)

Virginia Mines (VGQ.TO)

Pretium Resources (PVG.TO)

Reservoir Minerals (RMC.V)

UEX Corp. (UEX)

http://ceo.ca/suit-up-for-the-best-summer-ever-to-buy-resource-stocks-and-here-are-ten-epic-charts/