SP-500, GLD, GRS, MDW and PAL

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This post will bring us up to date on where we are with the SP-500 and GLD for Monday's opening bell, as well as offer  three miners that could be excellent prospects for one's portfolio - GRS, MDW and PAL.
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This first chart is the SP-500 60 minute.  While the True Strength Indes (TSI) has reached a critically high level, I do not believe that price has yet peaked.
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Click on the chart to ENLARGE

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This is a 60 minute chart of GLD.  A couple of notable items are a gap lower that needs to be filled and a TSI that has about hit its head on the ceiling.  When will GLD likely fill that gap?  Within a couple days.  How far down we go is anyone's guess.
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Click on the chart to ENLARGE

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This is Gammon Lake Resources (GRS), daily chart.  Not quite a month ago the company announced it was closing a mine due to a bitter labor dispute.  The stock plummeted on the news.  Then we had these couple of really tough weeks with the stock market getting trashed.  GRS dropped some more.
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I do not own GRS.  What I like about it is that it seems undervalued and my hunch is that it will appreciate faster than most when gold starts taking off.  From current $5.42 back to 'pre-bad news' $7.50 would be a kewl 40% gain.  Not too shabby.
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Click on the chart to ENLARGE

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This is Midway Gold Corp (MDW) on a daily chart.  Like GRS, MDW had an 'issue' days before the recent stock market massacre began.  It completed a 9M share dilution at C$0.60 and then started to sell off  when it could not hold onto $.60  (MDW now has 80M shares). Then the stock market correction kicked in and down it went even faster......ending up in the mid $0.40 range.
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MDW just loses money - between 4 and 5 cents per share per year.  It expects to begin gold production in 2013.  So far, I am not impressed.  And, I do not own MDW.
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But then I find out MDW sells at a scant 83% of book value.  Hey, try to find a gold miner that sells below book value.  It's not easy.  Also, it has NO DEBT.  
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Hummmmm.....  for starters, a bigger company could acquire MDW, get the assets with no debt attached for a real nice price.  Anyway, a buy here at 45 cents that gets back to 60 cents would be a sweet 33% gain.
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Click on the chart to ENLARGE

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If you are still reading, I hope you feel rewarded when you see this one, because it is my favorite discovery this morning.
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This is North American Palladium (PAL) on a daily chart.  PAL has not one or two, but three BUY signals all about to trip the wire.  
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Is this a guaranteed money-maker?  Nope.  My crystal ball cannot see the future and it is entirely possible something unexpected will happen and this stock will plummet. Possible?  Yes.  Probable? No.
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Probabilities are how I think of trading.  Never certainties.  I use the True Strength Index and other stuff to try to give myself a bit of an edge - attempting to assess the probability that a trade will or will not work. 
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Having put PAL in the proper context of considering probabilities, I think this looks like a potentially great trade.  If price gets back to the previous high of $5.20, this is a 50% gainer.
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Click on the chart to ENLARGE