Monday, July 19, 2010

Breakouts of Sorts for Today

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This is GLD, 60 minute chart.  While I am not at all confident that GOLD has finished its correction, this 60 minute chart certainly has a lot going for it.
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TSI and MFI breakouts - together - are usually a very bullish sign.
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Click on the chart to ENLARGE




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This is Capital Gold Corporation (CGC).  I just looked at 30-40 charts and only this, along with GLD, had breakouts on both the TSI and MFI on their 60 minute chart.
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BTW, I have recently updated the Kitco miners data.  You can check out the expected earnings of CGC and 14 other stocks by clicking the link.
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Click on the chart to ENLARGE
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This is North American Palladium (PAL).  This is a 30 minute chart, and that is to imply that it is not as reliable as a 60 minute and no where near as reliable as a daily chart.  But it still is very positive.
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Click on the chart to ENLARGE

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