[pcabc]

Potential new Stage 2 bull market starting for GLD

Yep, it was a confirmed Stage 2A breakout for spot gold this week, and a number of the miners have been showing up in the daily watchlist scans for the last few weeks with volume. So use the forest to the trees approach, and delve into the gold miners stocks to find the best looking charts for potential trades in the sector.

I'll try and do a review of the sector over the weekend and post some watchlist stocks.

Happy days.  Looking forward to it! 

If it is any help my breadth charts for gold miners show strengthened breadth, new highs minus new lows have moved positive.

[isatrader]

With the breakout in Spot Gold in US Dollars this week with strong volume, it's time to use the Forest to the Trees approach from page 75 and delve into the sector.

I did a scan of the US and Canadian gold mining sectors with a price greater than 0.5 and excluding the over the counter markets. Of the 174 results, I've whittled it down to following in terms of stocks that look interesting from a Stage Analysis perspective imo. I'm not saying any are a buy or not right now, as not many meet any sort of risk parameters that I follow, so I'll leave it to you to do your own due diligence. So it's just that these are showing the best characteristics of the all the gold and silver charts that I've looked over tonight. 

To compare against each other to find the strongest stocks in the sector, I'd recommend using the Mansfield RS score of each to make a relative performance table.

ABX-TO, AEM-TO, AG, AGI, ASR-TO, AU, AUG, CG-TO, DGC-TO, DPM-TO, DRD, EGO, FNV, GBR-V, GCM-TO, GFI, GGI-V, GOLD, GSS, HMY, IVN-TO, KGC, KL-TO, LIO-V, LUG-TO, MAG, NG, OM-V, OR, OSK-TO, PRU-TO, RNX.TO, RGLD, SAND, SBGL, SMF-TO, SVM-TO, TMQ-TO, VGZ, WDO-TO, WPM-TO

I'll post the charts over a few posts as there are 41 charts to look through.

                                                       

[isatrader]

                                                       

[isatrader]

                                               

[isatrader]

Minus the gold stocks, here's the watchlist from the normal weekend scans - AIN, AVLR, BOLD, CARA, CELG, CGEN, CVNA, CVRS, D, DBX, FNKO, KDP, MTLS, NJR, OMCL, PINS, RPD, TDY, TUFN, ZYME

                                                                               

[briansmith456]

isatrader pid='14112' dateline='1561317953']With the breakout in Spot Gold in US Dollars this week with strong volume, it's time to use the Forest to the Trees approach from page 75 and delve into the sector.

I did a scan of the US and Canadian gold mining sectors with a price greater than 0.5 and excluding the over the counter markets. Of the 174 results, I've whittled it down to following in terms of stocks that look interesting from a Stage Analysis perspective imo. I'm not saying any are a buy or not right now, as not many meet any sort of risk parameters that I follow, so I'll leave it to you to do your own due diligence. So it's just that these are showing the best characteristics of the all the gold and silver charts that I've looked over tonight. 

To compare against each other to find the strongest stocks in the sector, I'd recommend using the Mansfield RS score of each to make a relative performance table.

ABX-TO, AEM-TO, AG, AGI, ASR-TO, AU, AUG, CG-TO, DGC-TO, DPM-TO, DRD, EGO, FNV, GBR-V, GCM-TO, GFI, GGI-V, GOLD, GSS, HMY, IVN-TO, KGC, KL-TO, LIO-V, LUG-TO, MAG, NG, OM-V, OR, OSK-TO, PRU-TO, RNX.TO, RGLD, SAND, SBGL, SMF-TO, SVM-TO, TMQ-TO, VGZ, WDO-TO, WPM-TO

I'll post the charts over a few posts as there are 41 charts to look through.


Hi Isa,

Your gold scan had OM.V in it. I was wondering where one would buy it? Would one buy it if it broke above the current double top around 71 cents?
Thanks for your thoughts (chart is below).
Brian

[isatrader]

Hi Isa,

Your gold scan had OM.V in it. I was wondering where one would buy it? Would one buy it if it broke above the current double top around 71 cents?
Thanks for your thoughts (chart is below).
Brian

I think it would be a close above the recent highs above 0.72, but you need to consider the risk too. So identify where the appropriate stop loss level would be and position size accordingly. As it’s a very volatile stock, so the risk would be high. Also what about this stock makes it’s the best pick above the other gold stocks to you?

[briansmith456]

Hi Isa,

Your gold scan had OM.V in it. I was wondering where one would buy it? Would one buy it if it broke above the current double top around 71 cents?
Thanks for your thoughts (chart is below).
Brian

I think it would be a close above the recent highs above 0.72, but you need to consider the risk too. So identify where the appropriate stop loss level would be and position size accordingly. As it’s a very volatile stock, so the risk would be high. Also what about this stock makes it’s the best pick above the other gold stocks to you?

Thanks for your comments. I have  not had  time to look at all the other stocks on the scan I was just  looking at this one wondering where one would buy it. I was not sure whether proper buy point was break of the double top or perhaps pullback to 30 ema. So thanks for pointing out proper buy point and stop loss considerations.
Brian