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LOOK REPORT #42: Background: This Qwik Look Report # 42 is a current “snapshot” of some gold and silver stocks which may be of interest. Caution: There are also “penny stocks” on this list with small caps and thinly traded. You may be one of a few buyers on a given day. Absolutely use Limit Orders to purchase any penny stocks (the Limit Order may only execute at current Ask Price on days when gold jumps in price or it late in the day) and check out the current news (if any) on any such stocks. Also it is advisable to use Limit Orders on any gold and silver stocks. The results presented have nothing to do with any long term fundamentals in these PM stocks. It represents a Qwik Look at current trends only. However, many gold and silver stocks (quality stocks) have been going up since mid-January. Also, quality gold and silver stocks can be long term buy and holds if you do not have time to research the stocks. The results are based on a specialized (trend following – does not use cycles) code utilizing short term turns. It does not get you out at tops or in at bottoms (but one can use cycles and other turn indicators to estimate timing of a coming turn). As always, do your own due diligence before making any decisions and there is often wild volatility in these stocks. If you do not like volatility (sometimes up/down 15%+ in a day as well as go up/down 60%+ in a month), it is suggested you proceed with buying Silver and Gold Eagles. I do follow (and trade a core group of gold and silver stocks) over one hundred gold and silver stocks and have been following and analyzing gold prices for over thirty-years. Alternatively, you can buy Newmont/Novagold/Barrick (nice gold stocks) and SSRI/PAAS/SLW (nice silver stocks) and sit back and enjoy the ride. For the more adventurous or dedicated gold/silver investor, take a look at Table 1 as a starting place for some new options or opportunities. There is tremendous leverage in both small silver and/or large gold stocks when they are running. For recent examples see such stocks as: Endeavor, Cumberland, Mag Silver, Sabina, Esperanza, Strategic Nevada Resources, Newmont, SSRI, Bema, GoldCorp, Minefinders and PAAS just to name some of them. Table 1 Qwik Look Trends: The following (i.e., represents ongoing research) table is to be used a screening tool for short term trends currently in some gold and silver stocks. For many the fun began (after a sharp correction) in early to mid January. Some of the small silver and gold stocks can turn on a dime and should only be played with expectation that they are high to extreme risk investments. The results presented have absolutely nothing to do with any intermediate or long-term trends/cycles in the markets or equities. In actual practice, the code needs to be run each day. However, it did identify some gold and silver stocks that are continuing to run strong and the show longer-term upward trends as long as Gold Bull remains intact. TABLE 1. QWIK LOOK TRENDS FOR SOME PM STOCKS
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INFORMATION DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. Of course, the author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and barring that, we encourage you confirm the facts on your own before making important investment commitments. |
