I find this board very much suits my tastes as I also rely heavily upon classical chart patterns and primarily trade in resource stocks (precious metal soil and gas services, nat gas, and .
Great board.
As far as trading right now I am doing very little. When we were in a firm uptrend I was trading many times a day. However in light of the sharp correction and my beleif we are potentially forming a bottom I have been selectively accumulating (since last thursday)for a swing trade.
Have been watching 'the tape' and the charts very carefully to detect where accumulation seems the strongest. Not so sure about PAAS. The chart isn't as clear to me and also don't like the exposure to Mexico because as I said I want to pick the very 'best' in this beaten down sector. Hecla and SSRI look very good here IMO. HL very oversold on the chart in % terms, really like geopolitical location of mines. SSRI appears to be cheapest based upon reserves and also fairly safe geographically.
As for the golds BGO looks like a steal here but it and GG seem rather weak here relative to others such as GLG. So small purchases in BGO but larger in QEE, CLG (Cumberland).
Also like CBJ but waiting for a little more confirmation on chart.
As for POG, IMO a very small consolidation and trend and chart are intact. Retraced to topline of ascending triangle formed in last two weeks of April which is retrace of about 50% from gains made since breakout at the end of march from ~$575 topline of larger ascending triangle. I like silver more than gold at this point and have been investing accordingly.
Thanks again for the excellent board.
regards Andy
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