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In Stock Movers on November 8, 2009 at 11:00 pm
General Moly is demonstrating a bullish outside bar which is a reversal pattern which will give us usually 5-7 bullish trading sessions. Notice how it has bounced off the 200 day moving average which is acting as support. General Moly is a takeover candidate and needs to be monitored to see how it acts with the 50 day moving average which has become resistance. This bullish pattern should lead General Moly to test resistance.
Notice the first outside bullish bar in July which led to GMO pushing to 3.50 before it had a series of bearish outside bars which should have been a signal to watch out especially after the triangle breakout. Now GMO does have a bullish outside bar once again which would be confirmed as a trend reversal if it breaks the bearish resistance trend line. Also the macd is about to cross on any upward price movement.
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In Stock Movers on November 5, 2009 at 1:51 am
Treasuries have been showing major signs of weakness for some time. The fear of the consequence of low interest rates which results in inflation is terrifying investors. There is a flight to precious metals now globally in which we are now seeing a true secular bull leg up for the gold and silver markets which will take us short term to Gold $1300.
I am also buying TBT which is a short treasury etf to hedge against massive inflation in the next few years. I wrote a note when to sell TBT in June. Now I am moving back in at much cheaper prices as it is demonstrating a clear inverse head and shoulders bottom. 
Notice our stop loss sell point and our buy point here. Look at the bullish price volume on the right shoulder. There could be a measured short term move up to $54.
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In Market Analysis on November 4, 2009 at 1:16 am
Treasuries were down and gold had a major breakout the day before the Federal Reserve decides how to highlight their future economic policy. Making people to believe that the Fed will highlight the recovering economy and keep interest rates at low levels.
Gold also was bought on news of the Bank of India buying 200 metric tons of the precious metal from the International Monetary Fund. This means more countries are trading in their dollar for gold as the fear of a deteriorating currency remains strong. This double whammy led to another major technical breakout on very good volume.
I am remaining focused and bullish on our gold mining stocks and believe there is room to run here and still have a target of $1120.
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