|Day Low/High||61.80 / 65.15|
|52 Wk Low/High||31.00 / 69.66|
These names are showing technical signs of either bullish or bearish reversal patterns.
Current economic conditions make an even greater case for gold.
Stocks of gold mining companies generally rise faster than the commodity itself.
The chart of PAAS looks positive at this point in time.
AEM is ready to rise, but for how long is unclear.
Two gold stocks to consider in light of market conditions.
Gold and mining stocks are heavily represented on the bear side.
Economic themes remain supportive of upping the percentage of safe-haven assets in investor portfolios.
The surprising advance is approaching levels that have been difficult for the indices.
The gold producer's chart has been supported by buyers for two years.
A rally to the $40-$50 area is our first upside price target.
AEM could rally to the $42 area on an intermediate-term basis.
Too many gold miners and oil/energy companies have too much debt.
Today's gold rally has led me to two interesting gold plays with strong charts.
A classic bar chart price pattern could signal a reversal from down to up for the stock.
Worst headache may be earnings reports from major oil companies.
Such a break would signal an all-clear for more aggressive trading.
If you are always going against the grain, you're not going to do well.