Saturday, August 1, 2015
You'll Want to Own Pershing Gold Corp. $PGLC When Gold Prices Rebound
But what if I told you there was a mine already built, permitted, and operational… That early indications suggested as much as 800,000 ounces of gold were present… And that the only thing left to do was to get to work?
That’s exactly the position in which Pershing Gold Corp. finds itself. The company is literally sitting on a gold mine, poised to take the final leap into full-fledged production in a matter of months.
And if gold prices stabilize, it could be extremely profitable.
Continue Reading at OutsiderClub.com…
Estee Lauder Companies Inc (NYSE: EL)
The Estée Lauder Companies Inc. manufactures, markets, and sells skin
care, makeup, fragrance, and hair care products worldwide. The
company’s skin care products include moisturizers, serums, cleansers,
toners, exfoliators, acne and oil correctors, sun care, and eye and body
care products; and makeup products consist of face, eye, lip, and nail
products, as well as related items, such as compacts, brushes, and other
makeup tools. It also offers fragrances products for women and men in
various forms, including eau de parfum sprays and colognes; lotions,
powders, creams, candles, and soaps; and hair care products comprising
hair color and styling products, shampoos, conditioners, and treatment
and finishing sprays.
Take a look at the 1-year chart of Estée (NYSE: EL) below with added notations:
EL has been trading sideways for the last 3 months, while forming a common pattern known as a rectangle. A minimum of (2) successful tests of the support and (2) successful tests of the resistance will give you the pattern. EL’s rectangle pattern has formed a $90 resistance (red) and a $86 support (green). A break above $90 would also be a new 52-week high.
The Tale of the Tape: EL is trading within a rectangle pattern. The possible long positions on the stock would be either on a pullback to $86, or on a breakout above $90. The ideal short opportunity would be on a break below $86.
Take a look at the 1-year chart of Estée (NYSE: EL) below with added notations:
EL has been trading sideways for the last 3 months, while forming a common pattern known as a rectangle. A minimum of (2) successful tests of the support and (2) successful tests of the resistance will give you the pattern. EL’s rectangle pattern has formed a $90 resistance (red) and a $86 support (green). A break above $90 would also be a new 52-week high.
The Tale of the Tape: EL is trading within a rectangle pattern. The possible long positions on the stock would be either on a pullback to $86, or on a breakout above $90. The ideal short opportunity would be on a break below $86.
Exxon Mobil $XOM: The World's Second Biggest Stock Broke A 28-Year Upward Trendline
Since the lows after the October 1987 crash, XOM has 'trended' positively for 28 years... finding support at a critical trendline four times over that period... until now.
While internals of the market are weak, the fact that the world's
second largest stock has broken an historic trendline is notably
concerning and confirmed by what will be the 3rd monthly close below the
level today...
It is perhaps most ironic that XOM is cutting its buyback program... just as its stock shits a 52-week low. It appears the old "buy high, sell low" corporate strategy is in play.
It is perhaps most ironic that XOM is cutting its buyback program... just as its stock shits a 52-week low. It appears the old "buy high, sell low" corporate strategy is in play.
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