No Stopping Gold

Bought in to IAU again yesterday got out today at $1.35 on the way back down after it hit a $1.405 banked a nice profit, glad I sold when I did as it finished at $1.28.
Still holding OGC will continue to hold unless it falls below $3.70 seems to be consolidating and has support around $3.75. Still have a bid in on PSP somehow I don't I will acquire this stock at this price, however I will be patient and watch again tomorrow morning a re-entry into this might cost me one and half cents more as I really want to put a few of these aside.
Gold is still strong at US1308.80 at time of writing, some Australian gold stocks are taking a well earned breather at the moment, expecting gold to stretch its legs further.
Another trading day over.
Will investigate PIR and NMG overnight look good need further research.

Watching Gold

Managed to exit IAU at 1.19 and took a very small loss, I was not feeling comfortable holding overnight.
Watched gold fall below US$1285 and thought I have got it right so went for a couple of beers and now logged on again to see it raise over 1300.
Don't think I will get PSP again at 24 cents, intend to be active tomorrow much depneds on the DOW.
It the DOW Is not looking too flash right now with US consumer confidence down to its lowest level for seven months.
Anyway I will see in another 6 hours what holds today on the Australian markets

A Few Days Before The Crunch

Anticipating a fall in the DOW as October sets upon. So many experts out there now some claiming we are in the early phases of a bull market and others predicting we are headed for another almighty crash that will complete the bear market, hence my nervousness.
The DOW overnight was down 48 points and confidence disappeared towards the end of trading have a feeling when looking at the DOW chart that it could drop to between 9800 to 9600. Gold holding in the mid US$1290's after touching US$1300 if the DOW drops even if gold holds up reasonably well gold stocks will also be vulnerable to a fall.
Treading very carefully with selected trades, holding 20000 IAU presently which again may cost me another small loss.
Purchase of 50,000 PSP at 23.5cents was exited today at 27cents, I thought this was a good opportunity with so much uncertainty in the market. Now have a lower bid in to re-enter PSP as I do believe it could pull back.
Looking for an opportunity to exit IAU, VWAP currently 1.18 anything over this will be a good exit.

Not The Best Week

After a glorious few weeks my run came to an end and I found myself giving back some gains. I picked the continuation of gold towards US$1300 but did not pick a downturn in IAU and PRU which cost me dearly. My expectation was a surging gold price and therefore continued surging gold stocks, profit takers have no respect for gold and where its heading. Hold on is this the pot calling the kettle black hmmmm?.
Gold now again at all time high, if there are some good runners in the market today I will miss them as I take my broken wrist for yet another x-ray and check up.
No more motorbikes my preferred mode of transport now has to have 4 wheels on the ground.

Looks Like Another Good Day For Gold Stocks

Bought back in to IAU this morning looking for it to head back form low in the day $1.235 to $1.30.
Holding PSP again, the stock is bit static today just a two cent range compared to a few other days.
Missed OGC at the open as my bid was below $3.96 now $4.09, left bid at $3.87 hoping to see it pull back during the morning, not be so focussed on IAU again.
Now very bullish on gold projecting it to be well over US$1300, my interpretation and projection contained in chart.

Looks like I will be on this computer for quite a few days even weeks it could be the best ever opportunity in the gold stocks.

Wishful Thinking Gold US$1300 This Week

Continue to play in and out of IAU, small profit again on 30000. Entered back in but got caught before the close things moved too fast and some time away from the screen saw a positive go quickly to negative. Now holding IAU overnight not too concerned my interpretation of the Gold chart is continuation of the latest move up, this wave still has a long way to go. IAU is proving to be an ideal stock to trade although today was only one completed trade.
A previous entry of 50000 of PSP at 20cents was completed with a sell at 23.5cents. I had intended to hold this stock but a 17.5% increase over a few days had to be taken. Re entry is on the agenda some gaps in this on the way up that may need to filled and may present another entry.
Will look to close IAU trade before lunch as I am sure it will open higher and move over $1.20 again especially with gold still moving upwards tonight.

Nice Start To The Day

Took 30000 of IAU again at the open had a bid in at .995cents acquired at 98cents hoping to see $1.04 again just sold at $1.08 nice profit for not even 2 hours effort.
IAU was just at a high of $1.19 looks like something good on the horizon.
Have some bids in on ADU and ALD looking for some profits there too but not much range in them today.
Tad nervous re entrying IAU at these highs. Volume is quite substantial for this stock seeing we have not hit lunchtime.
Looks like today might be a play the market day, weather looks dismal, gold holding overnight and the DOW up, confidence out there seems high.

Went For A Holiday

I departed the country on 31st July for a winter break in the sun in Thailand.

Much to my surprise I found the internet available on virtually every street I could not resist what I thought were some opportunities and managed a few successful trades in ADU and IAU. Needless to say I am back in the market the rise and consolidation of gold has seen some impressive gains in several stocks.
Over the past week and today I have been trading IAU and ALK with continuous winning trades. IAU has had some good volume and has broken out of a channel that started to trend up from March when it was at 23cents to close today at $1.02, also recently hitting $1.06. The past week has seen some good pullbacks in price during the day allowing many re-entries. I have been trading it in 30,000 blocks picking up between 2 and 4 cents on each trade.
Today I exited both IAU and ALK with my re-entry bids left stranded as both stocks jumped in the afternoon.
I recently took a holding in PSP believing this could be another substantial Indonesian gold play, this will be a medium/long term hold as I see a possibility of it going possibly to $2.00.
Tomorrow is another day with gold currently looking fractionally weaker at US$1242 presently. ALD is now on my watchlist with some possibilities of some good trades.