Sep09 | Technical Analysis of Stock Trends

Gold! Gold! Gold in… (also silver)

Posted on Sep 03, 2009 by WHC Bassetti.

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These are strong buy signals in gold and silver. We pointed out a few letters back that triangles were being set up in these issues. the breakout has occurred. We are adding to our positions in these issues. Note, of interest that gold is bouncing off the 2005 trendline. We have been basically long gold for years, but you don’t want to hear the details. It would make you celebrate and cry.

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Rare earth stocks, a new form of lottery tickets

Posted on Sep 02, 2009 by WHC Bassetti.

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090901lycax 090901nemffpk1 090901qsurfpk1 090901resv1 July 2 we looked at a group of rare earth stocks looking for lottery tickets. (Or a way to get rid of excess capital.) We bought some of these and think some of these might turn into winners. But, as we said, treat them like lottery tickets. 100% risk. We don’t even bother to check their prices except by accident. One more of John Magee’s rules we break.