Monthly Archives: May 2016

Teva Setting Up As A Promising Trading Vehicle

Posted on May 29, 2016 by jacfoley

If you can have as many positive indicators in your favor when trading, then your probability automatically goes up when you finally begin to trade the stock. Teva Pharmaceuticals (NYSE:TEVA) looks attractive at these levels not just for its fundamentals … Continue reading →

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Gold Has To Bottom Shortly

Posted on May 27, 2016 by jacfoley

Gold lost another $7,70 an ounce today and the 5 day RSI level is getting more oversold by the day. If we look at a long term chart, it is evident that a bottom is near although we could get … Continue reading →

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Gold Fails To Print A Daily Cycle Low

Posted on May 26, 2016 by jacfoley

Gold wasn’t able to withstand the selling pressure today and print a daily cycle low. Instead the metal drifted lower and finished a few ounces below yesterday’s low. In saying this, the mining complex through (NYSE:GDX) and (NYSE:GDXJ) were up … Continue reading →

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Gold price Stays Muted But Mining Stocks Pop

Posted on May 25, 2016 by jacfoley

Yesterday I stated that gold was getting to oversold levels and although I predicted a pop in the asset class in the near term, the technicals were showing that in all probability, the rally would not last. The pop in … Continue reading →

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Gold & Gold Stocks Will Bounce But Then Go Lower

Posted on May 24, 2016 by jacfoley

Gold stock plummeted today (05-24-2016) with the mining ETF (NYSE:GDXJ) plummeting 7.29% to reach $33.56 a share. The 5 day RSI indicator has now reached oversold levels (see below) which should mean we get a bounce in the next few … Continue reading →

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Going Long Micron & Shorting Newmont

Posted on May 19, 2016 by jacfoley

I released two pieces of content yesterday, one on Micron (NASDAQ:MU) and one on Newmont Mining (NYSE:NEM). With relation to Micron, I’m bullish on the stock for a number of reasons. Firstly, I like the company’s fundamentals regarding its DRAM … Continue reading →

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