by Donald Vialoux, Tech Talk
Interesting Chart
The uranium ETF came alive yesterday. Nice break to the upside on higher volume, a move above its 20 and 50 day moving average as well as early signs of outperformance.
Mark Leibovit’s Recommended List Changes
Bulletin
Adding UEC and NLR (both uranium plays) to the recommended list at the market. I know we’re weighted heavily in uranium, but I’m looking for some further diversification. We already own URRE, USU and DNN.
Stop 1.75. Target 3.75 in UEC.
Stop 13.00. Target 18.00 in NLR.
Gold Seasonality
“So while gold has its monthly ups and downs, you can see that, on a historical basis, we have arrived at gold’s peak performance period of the year. Based on 10 years of data, gold bullion has historically increased 2 percent in August and 4 percent in September.”
– Frank Holmes
Source: BullionBuzzeNewsletter
Yesterday, Gold moved above its 20 and 50 day moving averages.
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