"Everyone has a plan 'till they get punched in the mouth" - Mike Tyson

August 26, 2015

Junk gold miners, quality setups

We've seen some massive potential false breakdowns in various gold miners.  These are junk names, but set up very high quality reward-risk trades.  Will they work?  Who knows, but I think it's worth a shot.  Here are a few i'm looking at.

I've mentioned SA before.



AU

If this pivot level doesn't hold, there's another worth noting in the 6.80's



IAG with a false break of the 2014 lows, re-visiting again.



Same goes for SAND


And we see the definition of panic in LODE last month.  


Trade 'em well!

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All ideas shown on this blog represent the authors opinion based on the data available.