Gold & Silver stocks

Last week I suggested AUY was breaking out on a very strong chart pattern. Yesterday's post on Platinum made similar observations. Today I'm looking at the Philadelphia Gold & Silver Sector Index.

XAU

The big picture Weekly chart looks to be breaking out above 150 with an initial target of 225:



This is confirmed in the 120 minute shorter-term chart, suggesting about a 10 point risk (Blue Wave stop level) for about a 75 point gain:


The individual stock components of the XAU:


A weak dollar, geopolitical concerns and the potential flight to safety in the next down leg of the global financial markets all contribute to fundamentals underlying the bullish chart patterns.

Odds & Ends

Insider Buying

I received some requests recently to be added to the Insider-buying mailing list, "Sally." Unfortunately, we discontinued the list late last year, due to some time constraints as well as the drying up of quality insider buying. For an excellent summary of what we were doing and what has been happening recently in this area, I recommend the following article by two of the original members of our insider buying project: Insider Buys - Methods and Strategy.


Moderation

Having to moderate comments is a pain and I have temporarily removed moderation to make my work easier and to promote a free and open discussion of topics covered here. The two biggest no-no's are personal attacks and distortion of the truth. If they emerge again, either moderation goes back on, or comments will be disabled completely. There is virtually nothing that can't be said in response to blogs or other comments that can't be written without resorting to personal attacks or misrepresentations. In other words, be engaging without being destructive. The collective ideas and thoughts of the followers of this blog are highly valued by me and would be a terrible loss if a few mudslingers were to ruin it for all.


NNVC

I met with Dr. Eugene Seymour, CEO of NanoViricides a couple of weeks ago. Although we have spoken many times on the phone and through email, this was our first face to face meeting. We talked for about two hours, although Dr. Seymour did most of the talking. Hearing him embrace the company's potential was in a word, breathtaking. My five-year target for NNVC's stock price remains in the triple digits. If anything, it may be at the lower end of ultimate appreciation.


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