Link to my 4 stocks on the top of my WishList of Stocks!
Market expert and TV personality Matt McCall blogs about what is really moving the markets. He will emphasize Exchange-Traded Funds (ETFs) and individual stocks throughout the trading day.
Showing posts with label junior gold stocks. Show all posts
Showing posts with label junior gold stocks. Show all posts
Thursday, March 1, 2012
Thursday, January 26, 2012
Market Recap - Home Sales Disappoint and Commodities Rise
Today saw some profit-taking with the S&P 500 falling 0.5% from a multi-month high set early in the session. Gold was up again (+1.25%) and oil closed just below the century mark, up 0.5%.
Tonight's recap will be short and to the point. It was a fairly boring session for most investors and therefore I will concentrate on 5 stocks/ETFs that look pretty darn good right now on the charts.
Tonight's recap will be short and to the point. It was a fairly boring session for most investors and therefore I will concentrate on 5 stocks/ETFs that look pretty darn good right now on the charts.
- Air Methods ($AIRM) - Bouncing off support at the $80 area and just generated an RSI Crossover Buy Signal.
- FTI Consulting ($FCN) - Breaking out of a week-long consolidation pattern and closed above the 50-day moving average for the first time in nearly two weeks.
- Seniorhousing Properties Trust ($SNH) - Rallying from a consolidation pattern that occurred on its 50-day moving average; pays a 6.8% dividend.
- True Religion ($TRLG) - A stock that continues to defy all logic, however its fundamentals are strong and it has been consolidating on support at the $34 area.
- iShares High Dividend Equity ETF ($HDV) - Consolidating as stocks take a breather; love the dividend on this ETF. Time to buy is between $54 and $55.
Wednesday, December 7, 2011
ETF of the Day - Market Vectors Junior Gold Miners ETF ($GDXJ)
If you follow by blog (as you should), you would know my thoughts on gold and the SPDR Gold ETF $GLD. The pullback in gold brought the precious metal and currency alternative down to support and it is now at an attractive level to move higher in the coming months.
While GLD tracks the price of Gold Bullion, there are other options for investors. One Niche ETF that is out there for the risk hunger investors is the Market Vectors Junior Gold Miners ETF ($GDXJ).
GLD is up 24% over the last 12 months with GDXJ down 30%. This is a major difference in such a short time period. A lot of it has to do with the "risk off" trade that saw money come out of perceived risky assets and into more safe haven areas such as physical gold or low volatility stocks.
BUT, if I am correct in my thinking that gold will continue to move higher and eventually get to the $2000/ounce level, GDXJ and the junior gold miners will be some of the biggest winners. The one risk is similar to the last year, if gold rises due to major issues with the global economy it could limit the upside for GDXJ.
While GLD tracks the price of Gold Bullion, there are other options for investors. One Niche ETF that is out there for the risk hunger investors is the Market Vectors Junior Gold Miners ETF ($GDXJ).
GLD is up 24% over the last 12 months with GDXJ down 30%. This is a major difference in such a short time period. A lot of it has to do with the "risk off" trade that saw money come out of perceived risky assets and into more safe haven areas such as physical gold or low volatility stocks.
BUT, if I am correct in my thinking that gold will continue to move higher and eventually get to the $2000/ounce level, GDXJ and the junior gold miners will be some of the biggest winners. The one risk is similar to the last year, if gold rises due to major issues with the global economy it could limit the upside for GDXJ.
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