Gold is not the only precious metal to invest in when it comes to commodities trading. Silver is also on the rise with the dollar weakening. The price of Silver finally broke through its $18 resistance to rise to $18.23 an ounce.
Investors are looking to invest more into precious metals as the dollar continues to weaken on the strain of the economy and unemployment. To add to the woes of the dollar, US President Barack Obama on his visit to China, left with no solution to the help alleviate the financial crisis.
As a result of the sudden rise in Silver commodity prices, ETFs connected with silver rose significantly in today’s market. Proshares Ultra Silver (NYSE: AGQ) rose 8.73% to $66.67. Proshares Ultra Silver does not invest directly in Silver but holds financial instruments whose value is based on the price of Silver. Understandably, Proshares Ultrashort Silver (YSE: ZSL) lost 8.55% to drop to $4.88 a share. Proshares Ultrashort Silver is based on the inverse of the performance of silver as priced in the London market.
Some companies that are heavily invested in Silver include Southern Copper Corp (NYSE: PCU) , Freeport-McMoran Copper and Gold Inc. (NYSE: FCX) , and Coeur D’Alene Mines Corp. (NYSE: CDE). Share for Coeur D’Alene Mines Corp. and Freeport McMoran experienced gains of 2.02% and 3.07% respectively. Southern Copper rose 2.75% to reach $35.55 a share. One of the biggest movers in today’s Silver market belongs to Hecla Mining Company (NYSE: HL) . Shares for Hecla went up 7.12% to reach $5.72 a share.
Everyone would agree - the broad markets have made an astounding turnaround in 2009, with the S&P 500 index (^GSPC) up as much as 65% from the March 2009 lows to the recent highs made just a few days ago. Hopefully, you’ve been able to profit handsomely as the market reversed from bear to bull ...
While prices of gold don’t necessarily affect silver prices or vice versa, history has demonstrated that when gold rises or falls, silver usually follows suit.
This time around, silver has failed to match the gains that gold posted in recent months, spawning a widespread believe that silver is poised for a bull ...
Finviz does a great chart of auto-trendlines and automatically drawing patterns.
Check out the gold stocks charts today.
I’m currently long ABX calls, GFI calls, MFN, and FRG. MFN and FRG are not pure plays. I just like those charts.
RGLD, SA, GFI, ABX, AEM are my top choices. Secondary ones, GG, GOLD.
These gold stocks have P/E’s under [...]
A few weeks ago, gold looked like it was headed south. For several days, the gold ETF (GLD) hugged the bottom of its trading channel, and appeared as if a breakdown was imminent.
But today’s action changed the picture entirely. The high-volume 23 point rally shot gold through the upper bound of congestion. Dozens of gold [...]
In keeping with our recent theme of generating income from gold and gold share investments, we now continue with the final installment in our series. We trust you found the first two parts helpful, the former on convertible gold securities and the latter on covered calls.
This week we take a slight departure from the income ...
Recession, Stagflation, Bear Market, Inflation, and now Warren Buffett saying the U.S. economy is in a recession (this morning on CNBC) -- how to play it?
Simple. Gold and Shorts stocks. This week we've got a ton of reports coming from our government and the Fed's Beige Book is delivered on Wednesday. The potential doom and gloom is killing the market and as a fellow Master and Investor, I'm taking precautions. If the Unemployment Rate released on Friday is bad, that's the nail in the coffin and watch the sell off become the Jump Off.
Enough with trying to find the winning or rebounding stock, just buy Gold and Short this market. Here are some ETF's and stocks to play:
My favorite gold stock is Yamana Gold Inc. (USA) (Public, NYSE:AUY) and then comes Kinross Gold Corporation (USA) (Public, NYSE:KGC). Gold is going to $1,000 easy in this state of fear, no question. Silver is also looking good, Coeur d'Alene Mines Corporation (Public, NYSE:CDE) trades at $5 a share. The Masters recommend making a small position in these stocks and decide which ones you like the best, it's a good hedge for when the market is wetting the bed.
Then there's that QID play that we recommended back in November, it's still a good play. Buy UltraShort QQQ ProShares (ETF) (Public, AMEX:QID) . The End.
Looking for more Short or Bear ETF's? Thank TraderMike for throwing this list together, have at it, some great one's here:
Short & UltraShort MarketCap ETFs:
ETF Name
Ticker
Benchmark Index
Short QQQ
PSQ
Nasdaq-100
Short Dow 30
DOG
DJIA
Short S&P 500
SH
S&P 500
Short MidCap400
MYY
S&P MidCap 400
Short SmallCap600
SBB
S&P SmallCap 600
Short Russell2000
RWM
Russell 2000
UltraShort QQQ
QID
Nasdaq-100
UltraShort Dow 30
DXD
DJIA
UltraShort S&P 500
SDS
S&P 500
UltraShort MidCap400
MZZ
S&P MidCap 400
UltraShort SmallCap600
SDD
S&P SmallCap 600
UltraShort Russell2000
TWM
Russell 2000
UltraShort Style:
ETF Name
Ticker
Benchmark Index
UltraShort Russell1000 Value
SJF
Russell 1000 Value
UltraShort Russell1000 Growth
SFK
Russell 1000 Growth
UltraShort Russell MidCap Value
SJL
Russell MidCap Value
UltraShort Russell MidCap Growth
SDK
Russell MidCap Growth
UltraShort Russell2000 Value
SJH
Russell 2000 Value
UltraShort Russell2000 Growth
SKK
Russell 2000 Growth
UltraShort Sector:
ETF Name
Ticker
Benchmark Index
UltraShort Basic Materials
SMN
Dow Jones U.S. Basic Materials
UltraShort Consumer Goods
SZK
Dow Jones U.S. Consumer Goods
UltraShort Consumer Services
SCC
Dow Jones U.S. Consumer Services
UltraShort Financials
SKF
Dow Jones U.S. Financials
UltraShort Health Care
RXD
Dow Jones U.S. Health Care
UltraShort Industrials
SIJ
Dow Jones U.S. Industrials
UltraShort Real Estate
SRS
Dow Jones U.S. Real Estate
UltraShort Semiconductors
SSG
Dow Jones U.S. Semiconductors
UltraShort Oil & Gas
DUG
Dow Jones U.S. Oil & Gas
UltraShort Technology
REW
Dow Jones U.S. Technology
UltraShort Utilities
SDP
Dow Jones U.S. Utilities
Keep your heads up Masters, but don't lose your shorts, so play the market accordingly.
The bullish picture continues to build. (see previous posts)
Today we get a Bullish Inverted Hammer, one could also argue that based on the body of the candle, we have an inside day of an inside day, above the 50MA.
HSXI Technicals
Yesterday we reported 3 Times Normal Volume
(see previous posts)
Today we traded 5 times normal volume
Rarely will you see such incredible Doji basing action hover just above the 50MA.
HealthSonixHSXI traded 3 times normal volume today. We are above the 50MA and 200MA on a Daily Chart. On our last interview CEO Michael Ivezic stated that within 7-10 days the company would announce the name of the major pharma joint venture. In Trading 101 we learned that volume preceeds price.........right? This chart looks like a NASA launch pad!
Santa Fe Gold Corp - SFEG
Do not let today's red candle fool you. Red, Green, Purple, or Yellow, that is a Bullish Harami closing in the upper body of the previous day's candle. The english translation of Harami is "pregnant lady". The higher she carries the baby, the more bullish the signal.
It has been 9 trading days since AZMN became Santa Fe Gold Corp SFEG.
What have we seen?
A punch thru the 50MA
A 62% to the tick Fib Retracement back to the 50MA
Friday's trading produced a Bullish Engulfing Candle
We already know the strength of the fundamentals, we now have a technical picture that smells like springtime in Pamplona. Clear the streets...............it's time to run!
Over the wekend I am going to share something I have never revealed before.
Tonight I want to ask you a favor. This week AZMN became SFEG. As you know I consider it the most undervalued asset on planet earth. We have rallied from .22 to .58 in the last 3 days.
I want you to close this stock over $1.00 tomorrow.
Why?
So I can bail?
When AZMN now SFEG ran to $2.00 I could have sold, retired, and left a legacy for the orphanage in Africa.
I didn't. Why?
Because I told you I would never take a penny off the table before $3.00
Why?
We are worth $5.00 before we go into production.
After production begins????????????
$10.00
$20.00
$100.00 ?????
We have momentum.
We have value.
We have management with integrity.
We have the opportunity of a lifetime.
At $3.00 I will still take a small amount off the table.
A very small amount.
Just enough to save the oldest building in Phoenix AZ.
Which by the way happens to be a Church.