An Historical Look at Some Precious Metals Stocks

In this Weekend Report would like to show you some very long term charts for some of the precious metals stocks that shows us where we’re at in the big picture. For me it’s important to know where a stock has been so I can have and idea if it’s close to a previous low or high or is it just trading in the middle of no mans land. It just provides perspective that one can use as they can then start to reduce the time lines down to the daily and even hourly charts to help make a decision on where to buy or sell a stock.
When you view these precious metals stocks you will see a lot of potential looking double bottoms that have formed from the June and December lows of last year. Keep in mind in order for these possible double bottoms to complete the price action has to trade above their double bottom humps to complete their bottom reversal patterns. Also look at the RSI at the top of the charts for a positive divergence in many cases. At the bottom of the charts you will see the MACD and the Histogram along with the slow stochastic. Again, on many of the precious metals stocks you will see the MACD getting ready to crossover which will give a buy signal with the blue Histogram, which is approaching the zero line, also helping confirm the buy signal.  (more)

Please share this article