Current Trade

Tuesday, October 6, 2009

Three gold stocks breaking out

SGC.V
TMM.V
CSG.V

This is short notice and at a time of the worst entry in terms of the upcoming tax sell off, but recent momentum suggests all 3 stocks will register some type of gain over the next few weeks. Buy the dip or average in is my strategy

SGC.V (has been consolidating a continuation move off an already great move) and appears to have the best chance of a superior pop with a tossup over TMM.V (has been consolidating a continuation move off an already great move)with CGS.V trailing (has been ranging)as the one in the earliest stages of movement.

Touching silver..... the poorman's gold

FVI.V is an extremely bullish chart and with a great bank account, Level II suggests the recent consolidation is breaking to the upside. The consolidation in the price area of 1.38 to 1.59 was a nice pop in itself from under $1.00, however continuation patterns are developing, so I am now buying the dips and/or averaging in.

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