Gold Stocks List

Gold has just reached new highs of $1,043. I predicted the breakout on gold in early September and presented my thesis for anyone who reads the blog. Like I was looking for and said,"Any congestion would be bullish." Gold did congest around the former highs and that was the signal along with the triangle that telegraphed the move.




Gold Stocks List
Some gold stocks to buy possibly I am looking at for potential quick trades soon are as follows. The following list is stocks I have picked out solely because of their technical price action. This is a gold correlated stock list but they don't always mimic the price of gold.

GRS had a breakout gap on volume.



Steady riser



New Gold also had a gap on volume but it needs to hold $4.30 to look like a buy.



Metalline Mining looks like it might be late to the party. Looks good on a technical breakout.



Why buy gold stocks? Gold is a commodity that usually has an inverse correlation with the United States dollar. If the dollar falls because of inflation or hyperinflation its purchasing power thus falls and any safe haven for capital is attractive to invest in. This is why you would want to buy gold stocks. The last time the United States experienced hyperinflation was during the 1970s. Gold went on a tear and was a great investment vehicle during those times.

More gold penny stocks for trades possibly.



full disclosure: no positions in any stocks mentioned at time of writing

Chinese Agriculture Stocks

I used a new scan and found some pretty good stocks in play. Check out the volume spikes on these. TTNP from an earlier post is still one of my top watches.

Chinese Agriculture Stock YONG
YONG hit the trend line 3 times and this last time somebody really showed their hand. Looks like a long on breakout. Might not retest that trend line anytime soon. There's no resistance on this chart to.

I checked out some of this companies fundamentals. They are...

into the research and development, manufacturing, and distribution of fulvic acid based liquid and powder nutrient compounds for plant and animal feed used in the agriculture industry in the People's Republic of China.

Gangbuster's!!!

You would imagine Chinese agriculture stocks doing pretty well in the future. They grew earnings per share 18% this year and are looking for 46% next year. EPS for next year is 1.00 per share and has just been boosted which is good. So we've only got a PE of 8 and very strong growth coming likely in the years ahead. The longer term PEG ratio is something like .30. Very attractive. The balance sheet is healthy with a current ratio of 3 and total debt to equity is just .47.

The only thing I don't like about this stock is it is already up a ton this year. On the other hand the valuation should still look cheap to a lot of people.

If you look closely at this chart and the next one you can see how usually every time it gaps up it runs. Let's keep an eye out for another gap breakout.






Media company CMLS. Probably a set-up for a buy on breakout. I missed the two hammers back to back off trend line on flag. This volume spike looks pretty telling somebody will take it over resistance I think.



Mining stock LVCA. Big volume on breakout. I think the spread will be decent and the chance of follow through on this move looks very good.





full disclosure:no positions

Stocks To Play Falling U.S. Dollar

Fundamentally the US dollar is weak. Technically, it is even more weak. As you probably know the dollar has been in a long-term down trend. Well, on the last leg up it formed a double top and has been crashing ever since.

PowerShares DB US Dollar Index Bearish (UDN) trades inverse to the dollar. It's a decent trading vehicle for short exposure as far as a stock goes. Keep in mind the chart below is the dollar short ETF. Click on it to enlarge it. There was recently a breakout gap to the downside. I feel very confident this ETF will test this resistance around 28.50s. I feel confident it will hit mid 29's probably 29.50 as well. So there is still some gain to be had if one was say looking for an addition to a diversified portfolio or swing trading account. I think there is still a good entry right now with a great re-load if there is any pull-back.

I will be putting up more stock plays over the future as the dollar continues to weaken.
















full disclosure:no position in UDN

Watch List

I added a couple of stocks to my watchlist. I added ROIAK DANR TTNP. I put a conditional buy order in for DANR. If it hits $.19 I hope to get filled.

TTNP looks like it might have a pop over $1.75 coming. TTNP couldn't go over $1.75 three times. Any pure funnymentals guys/gals. count it. Random chance or an emotional, important price level? Once it breaks over this resistance level I am betting it will be in play. I probably will put a conditional buy market order for $1.80 in here sometime before the market opens. The ascending triangle helps to. Almost always volatility after a triangle.

























full disclosure:no positions at time of writing

Short Stock Market With An ETF

I chickened out on my idea to short real-estate with SRS. I was spot on though on the further downside that seemed to be coming after the flag I was looking for to get short. I feel like going here with an ETF to short an index again. I like the volatility in SRS. It's prudent to wait though for more fundamental signals and technical breakdown though. So, I think I will. I think my valuation thesis makes sense and that as economic numbers will probably continue to show that this housing depression and economic recession are different than any in recent history. In other words it's hard to just get back to normal after a credit and housing bubble that lasted for many years. The only problem with a short trade for a couple days or so though I think is it could be possible that when the S&P and other indices finally correct a little the downside might be limited and they just trade sideways for weeks and months.

I was surprised and glad to see that Ben Bernanke said that businesses must be allowed to fail. I don't think he has the right framework for stopping them from becoming systemic though. I haven't read or seen his whole presentation today but it seems like he just thinks if you raise capital requirements and regulate to big to fail can be avoided? He needs to study some history if he thinks investment banks and commercial banks can exist together without major consequences to the system. Long Term Capital Management should have failed in 1998. Breaking up these ridiculous giants like Wells Fargo and Bank of America is the kind of reform that can allow firms that leverage up to fail. There's a reason my 1907 crash paper is second in a Google search for '1907 crash' only to Wikipedia.

I think our system is set up to fail now probably unfortunately though. I might post more on this as time goes by. Not sure if I should buy gold and silver bags or prepare for bartering when we can't afford these interest payments and/or they get raised.




full disclosure:no positions