Mining Stocks – Best Online Trades

AG First Majestic Silver Looks Good Into End of Year

February 7, 2012October 27, 2011 by Tom

AG First Majestic Silver Corp. looks like it is setting up into a good run into the end of the year. AG took a huge beating with the silver crash and has been drifting at the lows recently. But now it looks like it is going to make an attack on the apex of the … Read more

Rare Element Resources Ltd Trading with Strong Momentum

February 7, 2012September 7, 2010 by Tom

Rare Element Resources Ltd is moving up in a vertical straight line and the momentum is quite astounding. The stock may become interesting if it can get some type of sharp correction back to the breakout area of 4.20 in the weeks ahead. The advancing volume on the stock is really a major sign of … Read more

Sp500 Sitting Right Under Resistance Channel

February 7, 2012July 14, 2010 by Tom

The sp500 is sitting right under the medium term resistance line that has marked the downtrend since end of April 2010. Today was pretty much a non event day in terms of price movement and the sp500 printed another doji candlestick with a modest range. It was also an inside day in that we did … Read more

Gold Stock GSS Golden Star Resources Setting up for a Breakout

February 7, 2012August 5, 2009 by Tom

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GSS Golden Star Resources may be setting up for a breakout soon. Amazingly GSS has been in a consolidation since December 2003 ! I don’t know about you but that is a LONG time in both regular time and trading time! GSS is now slowly approaching its long term down trendline and I think it has got a good shot at getting some sort of breakout going.

I believe earnings are coming out on August 11th. Not sure if that is going to be the catalyst or not, it could be. So far GSS has touched its long term down trendline 3 times previously, so this resistance line is definitely significant.

When you combine this price structure with my previous alert on the gold price, you have the makings of a high probability trade.

PLM Polymet Mining Corp Ready for an Uptrend ?

February 7, 2012July 29, 2009 by Tom

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Polymet Mining Corp may be getting ready for some sort of uptrend here pretty soon. If you look at the chart I can conclude a few things already.

It has held support on its uptrend line since mid March with 2 tests.
It has completed a consolidation of about 2 months duration.
It has broken through the resistance as defined by the white downtrend line.

So I think we might see a trickle of an uptrend on this one. But I have to add that these mining stocks are not for the faint of heart. In my experience they tend to trade with heavy retracements and cumbersome up trends. And it makes sense that they trade that way because they are in the mining industry which in generally requires large equipment and investment costs and slow to market type products, especially when they are in the exploration stage.

Apparently Polymet wants to mine copper, nickel and other precious metals precipitate according to their website. You know, I really wish all mining companies right on their homepage would say in very large text exactly what they are mining for, what their proven and probably reserves are, and when they plan to start production (or if they are producing right now how much). That way it give the entire investment community an quick 1-2-3 idea of what they are dealing with. Perhaps I am a bit lazy to dig through all their information myself but it just makes sense to me to provide that right up front especially for mining companies since it is one of the most important factors in their valuation.