We have been talking Gold up for over 18 months now. As the dollar goes weaker the gold price is correlated to it and so Gold prices must go higher. In addition to the dollar weakness, asset fund flow movement is easing out of cash and into precious metals like Gold and platinum resulting in the massive surge of prices for the commodities.
This does not mean that traders and investors should invest in the stocks relative to these precious metals. Traditionally, gold stocks dont follow the gold price. Platinum stocks tend to have a better correlation to their underlying metal's spot price. But it too should not be banked at present.
The best is to buy gold and Platinum spot price positions. That means you buy the actual price in dollar terms of an ounce of gold or platinum itself. It has nothing to do with a mine or a stock. You are speculating on the demand and supply of the commodity and either selling the precious metal or buying it accordingly.
With one of the major South African gold miners cancelling their hedge recently reasoning that the gold price is not expected to go below $1300 again it gives you a warm fuzzy feeling about the way gold spot price is going to go!
Our long time take profit level for Gold spot price was $1350 using a weekly chart for a medium term hold position... As it happens we hit this level in the gold price in October.
The dollar is at support now of the 161% extension against the EURO so caution is to be taken now in any long position. Move your stop loss into profit and keep an eye on it.
Trade well; not often.
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Stock Market Investment Workshops, ebooks & financial freedom @ http://www.newsweek.co.za Visit Forex Fund Management for consistent returns by a Forex Pro looking after your money while it works for you.
Showing posts with label platinum trading. Show all posts
Showing posts with label platinum trading. Show all posts
Thursday, October 7, 2010
Wednesday, August 4, 2010
Trading Platinum from support
We recently took a short term trade in platinum going long as the commodity found support at $1531. Our profit target was $1610. As the dollar was expected to go weaker commodities generally go higher.
We held the short term trade in platinum until $1600 with a profit of $70 we were happy to close the long position.
For a bigger view of the above chart click on it.
Do you want to learn stock market trading?
-------------------------------------------------------------------------------------------------------------Stock Market Investment Workshops, ebooks and financial freedom @ http://www.newsweek.co.za Visit http://www.howtotrade.co.za/ if you want to learn forex to trade for yourself or if you dont have the time we can trade forex for you!
We held the short term trade in platinum until $1600 with a profit of $70 we were happy to close the long position.
For a bigger view of the above chart click on it.
Do you want to learn stock market trading?
-------------------------------------------------------------------------------------------------------------Stock Market Investment Workshops, ebooks and financial freedom @ http://www.newsweek.co.za Visit http://www.howtotrade.co.za/ if you want to learn forex to trade for yourself or if you dont have the time we can trade forex for you!
Wednesday, January 13, 2010
Caution: Shooting star candles
This was the subject line of an urgent mail sent to our trading and investment clients on Tuesday morning 9h05!
Caution: Shooting Star candles across the stock markets and indices especially for Resources so take caution today.
We considered that short term traders should take profits and that investors be aware of a pull back but to use it as an opportunity to add to their existing investment positions at a discounted price in the resource rally.
Some prices have already bounced including Kumba our preferred stock pick. It pulled back to the moving average as support at 31600c and is now sitting right back at 330000c in just 2 days.
Platinum stocks had a similar experience. Some sectors like construction failed to secure a higher top so therein lies a potential opportunity to short the sector and construction stocks like Murray (target 4000c) and Group 5 as well to name a few.
We also discussed how the pharmaceutical sector have topped out and are due for a pull back and it happened this week. Aspen is now testing the 50ema support at 7000c and for medium term investors could prove to be a fair entry level as this is off the high of 7350 or so and provides an opportunity to enter with a 5% discount. It may be early however. Consider confirmations...
GOLD Futures reached $1145 and beyond in the recent rally discussed from $1075 low. The dollar yoyo effect is playing havoc with short term position calls so it is best to wait it out until the dust settle and take the next swing position as it comes.
Keep an eye on TECH stocks.
Best stock trading this quarter.
Financial & Investment Workshops, ebooks & financial freedom @ www.newsweek.co.za
Visit Aurora Global Markets for Global trading platform in equities, foreign exchange, commodities, precious metals and interest rates.
Caution: Shooting Star candles across the stock markets and indices especially for Resources so take caution today.
We considered that short term traders should take profits and that investors be aware of a pull back but to use it as an opportunity to add to their existing investment positions at a discounted price in the resource rally.
Some prices have already bounced including Kumba our preferred stock pick. It pulled back to the moving average as support at 31600c and is now sitting right back at 330000c in just 2 days.
Platinum stocks had a similar experience. Some sectors like construction failed to secure a higher top so therein lies a potential opportunity to short the sector and construction stocks like Murray (target 4000c) and Group 5 as well to name a few.
We also discussed how the pharmaceutical sector have topped out and are due for a pull back and it happened this week. Aspen is now testing the 50ema support at 7000c and for medium term investors could prove to be a fair entry level as this is off the high of 7350 or so and provides an opportunity to enter with a 5% discount. It may be early however. Consider confirmations...
GOLD Futures reached $1145 and beyond in the recent rally discussed from $1075 low. The dollar yoyo effect is playing havoc with short term position calls so it is best to wait it out until the dust settle and take the next swing position as it comes.
Keep an eye on TECH stocks.
Best stock trading this quarter.
Financial & Investment Workshops, ebooks & financial freedom @ www.newsweek.co.za
Visit Aurora Global Markets for Global trading platform in equities, foreign exchange, commodities, precious metals and interest rates.
Sunday, January 10, 2010
Make Money Trading
Make Money Trading
This December I was in a fantastic swing trade in a base metal miner called Kumba Iron Ore listed on the Johannesburg Stock Eexchange. The swing trade in this stock signalled as early as 23200c and I took profit at 26000c.
The stock then retraced to 25000c where we entered the swing trade again for the next bullish rally. The stock has flown from there to 32500c in little over a couple of weeks.
I certainly guaranteed myself a year-end bonus by applying the financial and investment knowledge I have and implementing my stock trading plan.
I've been bullish in Platinum and Platinum stocks since early October 2009 and seen Platinum rocket from $1390 to $1580 recently.
My stock picks included Impala Platinum @ 18000c now 21700c, Northam Platinum @ 3900c now 5000c, Lonmin @ 20800c now 25000c and more recently East Plats, Jubilee and Anooraq as smaller platinum miners move after the majors and carry more risk as well.
I make money trading the stock market and teaching people to do the same. Over November my members made 7% return and in December, they made 11% return on their portfolio. These are low risk and high return trading positions mostly in swing trades.
Investors that have lower risk appetite held positions in Kumba and others for longer periods and now look at an average of about 25% return for the last quarter! They carry a lower cost of business due to trading less and paying fewer broker fees.
New Exchange Traded Funds listed globally for Platinum and Palladium metals and this also pushed momentum in these metals. They are bound to provide a good deal of carry-momentum over the next few weeks as these funds pump capital into the market for these metals.
Gold futures have also turned positive again and the bullish swing has taken place from $1075 level to $1145 again. Watch it carefully now as the dollar will determine the next time to entry.
Financial & Investment Workshops, ebooks & financial freedom @ http://www.newsweek.co.za
Visit Aurora Global Markets for Global trading platform in equities, foreign exchange, commodities, precious metals and interest rates.
This December I was in a fantastic swing trade in a base metal miner called Kumba Iron Ore listed on the Johannesburg Stock Eexchange. The swing trade in this stock signalled as early as 23200c and I took profit at 26000c.
The stock then retraced to 25000c where we entered the swing trade again for the next bullish rally. The stock has flown from there to 32500c in little over a couple of weeks.
I certainly guaranteed myself a year-end bonus by applying the financial and investment knowledge I have and implementing my stock trading plan.
I've been bullish in Platinum and Platinum stocks since early October 2009 and seen Platinum rocket from $1390 to $1580 recently.
My stock picks included Impala Platinum @ 18000c now 21700c, Northam Platinum @ 3900c now 5000c, Lonmin @ 20800c now 25000c and more recently East Plats, Jubilee and Anooraq as smaller platinum miners move after the majors and carry more risk as well.
I make money trading the stock market and teaching people to do the same. Over November my members made 7% return and in December, they made 11% return on their portfolio. These are low risk and high return trading positions mostly in swing trades.
Investors that have lower risk appetite held positions in Kumba and others for longer periods and now look at an average of about 25% return for the last quarter! They carry a lower cost of business due to trading less and paying fewer broker fees.
New Exchange Traded Funds listed globally for Platinum and Palladium metals and this also pushed momentum in these metals. They are bound to provide a good deal of carry-momentum over the next few weeks as these funds pump capital into the market for these metals.
Gold futures have also turned positive again and the bullish swing has taken place from $1075 level to $1145 again. Watch it carefully now as the dollar will determine the next time to entry.
Financial & Investment Workshops, ebooks & financial freedom @ http://www.newsweek.co.za
Visit Aurora Global Markets for Global trading platform in equities, foreign exchange, commodities, precious metals and interest rates.
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