All Star Market Timing

The Daily JDV Market Timer – April 13, 2011

Depression Beater Portfolio: - see below for new updates on Junior Miner Favorites - (This portfolio is just a sample of my own portfolio - no recommendation to others is implied or intended)

   

4/13/11 (Commentary for Wednesday) The SPX and IWM finished potentially corrective patterns today and are due for a bounce. The high CBOE put/call ratio (1.23) and the soaring bearish sentiment from the last Wall Street Sentiment Survey (21% bulls, 53% bears on 4/8) argue for a sizable bounce into Friday's expiration. Gold needs to print an impulsive rally on the 5 min chart tomorrow or the $1650 target by June is in jeopardy. The HUI retested the breakout level around 582 – this market also needs to reverse up sharply or it will be confirming B-Wave test of the 3/7 high. We believe that the current market correction will yield to one last leg up in the market into late May/early June. Bonds appear to have finished an upside correction and look ready to move lower. The Dollar Index took out the March lows – we may see a real run on the dollar - a move to the low .70s appears underway – this should breathe new life into gold and silver into May.

 

Big Picture on Stocks – From our perspective, we are in a Wave 3 up on the daily chart from the July low and this could mitigate any selling attempts. The SPX got the scary decline into 3/14 needed to propel the next leg up into May/June. Our bias is for an "inflationary blow off" into the next Martin Armstrong Day in June 2011 at a time when the Fed plans to stop its QE2 campaign – some indices like the SPX could actually test their all-time highs. We should see a big correction begin in June.

 

   

Big Picture on PMs – The 12-wk and 48-wk lows bottomed around 1/28 amidst 52-wk lows in bullish sentiment and the latest low in PMs occurred on 3/14 – WE ARE NOW ENTERING THE ACCELERATION PHASE HIGHER in the PM sector – look for the HUI/XAU to outperform on the way higher. A strong rally into spring to around $1650 gold and ~$44 silver is possible with the more speculative PM stocks posting the really big gains.

      

• Stocks – The IWM and SPX finished potentially corrective patterns today – we need an impulsive wave up on the 5 min to confirm continuation of the rally. Cash should be raised steadily as we go into early June.
• Gold – Gold is cutting it close here. We hoped a strong close would reaffirm the uptrend. We need an impulsive rally on the hourly needs to reverse up sharply by tomorrow or the higher targets by June will be in jeopardy.
• Bonds – Bonds look very weak here in a seasonally bearish time. The bonds should break down soon in the next impulsive wave lower – a potential Wave 3 down.
• Crude oil – We feel that oil and commodities in general are making B-wave tests of their highs in 2008. However, oil should make another leg higher into late May/early June.
• Dollar index – The Dollar Index appeared to finish an EW a-b-c upside correction as it finished a small 5-wave advance on the 5 min chart. The Dollar Index could test the low .70s before the CRB blow off ends around June and this should translate into gold around $1650 and oil at highs for the year.

   

TURNING POINT DAY:

 

The 4/1 Turning Point day in the New Moon Timing Window held the SPX back last week. We need to take out last week's high to reassert the uptrend.

     

• Evolving Gold (EVG.TO, C$0.82 -.01) - Lackluster management and marketing have kept this gem back during a period of speculative enthusiasm for PM junior miners. But a world-class deposit in Wyoming (Rattlesnake) and a potentially huge find on the Carlin Trend in NV argue that this stock will be a big winner. Goldcorp took a 15% interest and that says it all.  It is remarkable that this company with two rather obvious world-class deposits is failing to get any traction – IT HAS BEEN DEAD MONEY AND SHOULD BE CONSIDERED AS A SOURCE OF FUNDS FOR other PM juniors with a better looking chart.
• Uranium Energy (UEC, $3.86 +.02) – The Japanese nuclear plant cooling issues caused panic selling today in all things uranium – we are holding for higher prices. Uranium stocks are playing catch up to the rest of the commodity complex. Favoring the near-term producers here like UEC - the fundamentals are much more dramatic that the typical emerging gold producer. Adding on weakness.
• Strathmore Mining (STM.TO, C$.73 +.02) – Very undervalued uranium stock with huge reserves (+100 M lbs of relatively high grade), lots of cash and production prospects by 2013. 
• Prophecy Resource (PCY.V, C$0.90 -.01) - Normal profit taking going on here after a large run up last year. John Lee is determined to drive this emerging coal producer in Mongolia into an international mining powerhouse. Started production last fall with a favorable off-take agreement. Very aggressive business plan in place to make it a billion dollar company. Following the path that Robert Friedland took with South Gobi. This stock has obvious 10-20 bagger potential.
• Gryphon Gold (GYPH, $.150 -.011) - Got plan from management to begin phased production by early 2011 - financing details have yet to be announced.  Has >1M oz AU proven, mining permits and a highly prospective land package. Needs a cash infusion and maybe a partner. Good leverage to gold.

JUNIOR MINING FAVORITES:

(These companies are speculative - best to keep them to 10% of a portfolio with 50% stops based on purchase price. Buy a basket to diversify risk)

   

RULES FOR JUNIOR MINING INVESTING:



1) Keep to 10% of a portfolio.



2) Due your own Due Diligence.



3) Maintain a price stop of 30% of purchase price or whatever your Technical Analysis suggests is prudent.



4) Sell half of position on a double.

   

5) In this speculative environment with many junior miners coming to life, put a TIME stop on your junior investment. If your position is DEAD MONEY, consider rotating it to a stock that has more favorable technicals - juniors should have a PERFECT STORM behind their back between now and April 2011 - it's a time to MAKE HAY.

 

 

 

 

 

 

The Daily JDV Market Timer – April 12, 2011

Depression Beater Portfolio: - see below for new updates on Junior Miner Favorites - (This portfolio is just a sample of my own portfolio - no recommendation to others is implied or intended)

   

4/12/11 (Commentary for Tuesday) The declining SPX and IWM EW patterns do not look complete on the 5 min charts – a lower low is likely tomorrow before a bounce attempt. The high CBOE put/call ratio (1.23) and the soaring bearish sentiment from the last Wall Street Sentiment Survey (21% bulls, 53% bears on 4/8) argue for a bounce soon. Gold needs to rally by the close of tomorrow or the $1650 target by June is in jeopardy. The HUI retested the breakout level around 582 – this market also needs to reverse up sharply or it will be confirming B-Wave test of the 3/7 high. We believe that the current market correction will yield to one last leg up in the market. Bonds rallied almost a point today but are close to finishing an upside correction. The Dollar Index took out the March lows – we may see a real run on the dollar - a move to the low .70s appears underway – this should breathe new life into gold and silver into May.

 

Big Picture on Stocks – From our perspective, we are in a Wave 3 up on the daily chart from the July low and this could mitigate any selling attempts. The SPX got the scary decline into 3/14 needed to propel the next leg up into May/June. Our bias is for an "inflationary blow off" into the next Martin Armstrong Day in June 2011 at a time when the Fed plans to stop its QE2 campaign – some indices like the SPX could actually test their all-time highs. We should see a big correction begin in June.

 

   

Big Picture on PMs – The 12-wk and 48-wk lows bottomed around 1/28 amidst 52-wk lows in bullish sentiment and the latest low in PMs occurred on 3/14 – WE ARE NOW ENTERING THE ACCELERATION PHASE HIGHER in the PM sector – look for the HUI/XAU to outperform on the way higher. A strong rally into spring to around $1650 gold and ~$44 silver is possible with the more speculative PM stocks posting the really big gains.

      

• Stocks – The 4/1 turning point day kicked the SPX into a sideways consolidation which yielded a break to the down side. The EW patterns do not look complete to the downside. Looking for lower lows in the SPX tomorrow before a bounce attempt.
• Gold – Gold needs to reverse up sharply by tomorrow or the higher targets by June will be in jeopardy.
• Bonds – Bonds gave us a sharp rally as the commodity pull back continued but we feel that this is just a corrective bounce that will yield to new lows soon.
• Crude oil – Goldman Sach's bearish call on oil generated a Key Reversal Day to the downside on Monday. The uptrend is being seriously tested.
• Dollar index – The Dollar Index took out the March low and a major break to the downside is in progress. The Dollar Index could test the low .70s before the CRB blow off ends around June and this should translate into gold around $1650 and oil at highs for the year.

   

TURNING POINT DAY:

 

The 4/1 Turning Point day in the New Moon Timing Window held the SPX back last week. We need to take out last week's high to reassert the uptrend.

     

• Evolving Gold (EVG.TO, C$0.83 -.00) - Lackluster management and marketing have kept this gem back during a period of speculative enthusiasm for PM junior miners. But a world-class deposit in Wyoming (Rattlesnake) and a potentially huge find on the Carlin Trend in NV argue that this stock will be a big winner. Goldcorp took a 15% interest and that says it all.  It is remarkable that this company with two rather obvious world-class deposits is failing to get any traction – IT HAS BEEN DEAD MONEY AND SHOULD BE CONSIDERED AS A SOURCE OF FUNDS FOR other PM juniors with a better looking chart.
• Uranium Energy (UEC, $3.84 -.24) – The Japanese nuclear plant cooling issues caused panic selling today in all things uranium – we are holding for higher prices. Uranium stocks are playing catch up to the rest of the commodity complex. Favoring the near-term producers here like UEC - the fundamentals are much more dramatic that the typical emerging gold producer. Adding on weakness.
• Strathmore Mining (STM.TO, C$.71 -.04) – Very undervalued uranium stock with huge reserves (+100 M lbs of relatively high grade), lots of cash and production prospects by 2013. 
• Prophecy Resource (PCY.V, C$0.91 +.01) - Normal profit taking going on here after a large run up last year. John Lee is determined to drive this emerging coal producer in Mongolia into an international mining powerhouse. Started production last fall with a favorable off-take agreement. Very aggressive business plan in place to make it a billion dollar company. Following the path that Robert Friedland took with South Gobi. This stock has obvious 10-20 bagger potential.
• Gryphon Gold (GYPH, $.150 -.011) - Got plan from management to begin phased production by early 2011 - financing details have yet to be announced.  Has >1M oz AU proven, mining permits and a highly prospective land package. Needs a cash infusion and maybe a partner. Good leverage to gold.

JUNIOR MINING FAVORITES:

(These companies are speculative - best to keep them to 10% of a portfolio with 50% stops based on purchase price. Buy a basket to diversify risk)

   

RULES FOR JUNIOR MINING INVESTING:



1) Keep to 10% of a portfolio.



2) Due your own Due Diligence.



3) Maintain a price stop of 30% of purchase price or whatever your Technical Analysis suggests is prudent.



4) Sell half of position on a double.

   

5) In this speculative environment with many junior miners coming to life, put a TIME stop on your junior investment. If your position is DEAD MONEY, consider rotating it to a stock that has more favorable technicals - juniors should have a PERFECT STORM behind their back between now and April 2011 - it's a time to MAKE HAY.

 

 

 

 

 

The Daily JDV Market Timer – April 11, 2011

Depression Beater Portfolio: - see below for new updates on Junior Miner Favorites - (This portfolio is just a sample of my own portfolio - no recommendation to others is implied or intended)

   

4/11/11 (Commentary for Monday) The SPX declined in 5-waves on the 5 min chart – just a corrective bounce here argues for more selling and would put us on the defensive. The market needs to take out last week's high soon to maintain the rally forecast into early June. Gold declined today and may be vulnerable to a 1-3 day pull back but a Dollar Index breaking below March lows is supporting gold. The PMs entered a runaway market off the 3/15 lows and have a chance to run into late May/early June but the rise will be speculative and risky. After closing above XAU=220 on Tuesday – we believe the acceleration phase in gold stocks has begun – buy gold and silver stocks on dips – a ferocious rally into early June lies ahead. Leading indicators like consumer confidence, ISM, Chicago PMI, and durable goods are indicating a SLOWING ECONOMY here but the Fed's liquidity train in the form of POMO activities should give the markets another leg up into early June. Talk of the Fed prematurely ending its QE2 program is wishful thinking at this point. If the parabolic rally is still intact, PM stocks should dramatically outperform gold in the next rally phase. Our take is that the stock market correction ended on 3/14 and we are in the next leg up. The current rally phase into May/June will be highly speculative and will require that our cash position be raised along the way. Bonds retraced about 50% of the decline into February and turned down – sell rallies. The Dollar Index took out the March lows – we may see a real run on the dollar - a move to the low .70s appears underway.

 

Big Picture on Stocks – From our perspective, we are in a Wave 3 up on the daily chart from the July low and this could mitigate any selling attempts. The SPX got the scary decline into 3/14 needed to propel the next leg up into May/June. Our bias is for an "inflationary blow off" into the next Martin Armstrong Day in June 2011 at a time when the Fed plans to stop its QE2 campaign – some indices like the SPX could actually test their all-time highs. We should see the next big down wave begin in June.

 

   

Big Picture on PMs – The 12-wk and 48-wk lows bottomed around 1/28 amidst 52-wk lows in bullish sentiment and the latest low in PMs occurred on 3/14 – WE ARE NOW ENTERING THE ACCELERATION PHASE HIGHER in the PM sector – look for the HUI/XAU to outperform on the way higher. A strong rally into spring to around $1650 gold and ~$44 silver is possible with the more speculative PM stocks posting the really big gains.

      

• Stocks – The 4/1 turning point day kicked the SPX into a sideways consolidation. Runaway oil prices may be taking their toll. A corrective bounce in the SPX on the 5 min chart after seeing a 5-wave decline late in the day will pave the way for another leg down.
• Gold – Our target is $1650 for gold by late May but a 1-3 day pullback is possible at any time especially with the 12-wk cycle low due around 4/25. Gold and silver are in runaway markets here.
• Bonds – Bonds retraced 50% of the decline into February and reversed to the downside last week. Sell rallies – an outflow of funds should benefit stocks.
• Crude oil – Crude oil continues to roll to new rally highs. A weakening Dollar Index is paving the way for higher prices.
• Dollar index – The Dollar Index took out the March low and a major break to the downside is in progress. The Dollar Index could test the low .70s before the CRB blow off ends around June and this should translate into gold around $1650 and oil from $120-$150.

   

TURNING POINT DAY:

 

The 4/1 Turning Point day in the New Moon Timing Window held the SPX back last week. We need to take out last week's high to reassert the uptrend.

     

• Evolving Gold (EVG.TO, C$0.83 -.03) - Lackluster management and marketing have kept this gem back during a period of speculative enthusiasm for PM junior miners. But a world-class deposit in Wyoming (Rattlesnake) and a potentially huge find on the Carlin Trend in NV argue that this stock will be a big winner. Goldcorp took a 15% interest and that says it all.  It is remarkable that this company with two rather obvious world-class deposits is failing to get any traction – IT HAS BEEN DEAD MONEY AND SHOULD BE CONSIDERED AS A SOURCE OF FUNDS FOR other PM juniors with a better looking chart.
• Uranium Energy (UEC, $4.08 -.11) – The Japanese nuclear plant cooling issues caused panic selling today in all things uranium – we are holding for higher prices. Uranium stocks are playing catch up to the rest of the commodity complex. Favoring the near-term producers here like UEC - the fundamentals are much more dramatic that the typical emerging gold producer. Adding on weakness.
• Strathmore Mining (STM.TO, C$.75 -.04) – Very undervalued uranium stock with huge reserves (+100 M lbs of relatively high grade), lots of cash and production prospects by 2013. 
• Prophecy Resource (PCY.V, C$0.90 -.06) - Normal profit taking going on here after a large run up last year. John Lee is determined to drive this emerging coal producer in Mongolia into an international mining powerhouse. Started production last fall with a favorable off-take agreement. Very aggressive business plan in place to make it a billion dollar company. Following the path that Robert Friedland took with South Gobi. This stock has obvious 10-20 bagger potential.
• Gryphon Gold (GYPH, $.162 +.011) - Got plan from management to begin phased production by early 2011 - financing details have yet to be announced.  Has >1M oz AU proven, mining permits and a highly prospective land package. Needs a cash infusion and maybe a partner. Good leverage to gold.

JUNIOR MINING FAVORITES:

(These companies are speculative - best to keep them to 10% of a portfolio with 50% stops based on purchase price. Buy a basket to diversify risk)

   

RULES FOR JUNIOR MINING INVESTING:



1) Keep to 10% of a portfolio.



2) Due your own Due Diligence.



3) Maintain a price stop of 30% of purchase price or whatever your Technical Analysis suggests is prudent.



4) Sell half of position on a double.

   

5) In this speculative environment with many junior miners coming to life, put a TIME stop on your junior investment. If your position is DEAD MONEY, consider rotating it to a stock that has more favorable technicals - juniors should have a PERFECT STORM behind their back between now and April 2011 - it's a time to MAKE HAY.

 

 

 

 

The Weekly JDV Market Timer – April 10, 2010

Depression Beater Portfolio: - see below for new updates on Junior Miner Favorites - (This portfolio is just a sample of my own portfolio - no recommendation to others is implied or intended)

   

4/10/11 (Commentary for Sunday) The SPX gapped up Friday morning but then reversed course to post a Key Reversal Day. The late day rally may have taken the market away from a sell signal but a gap up on Monday should probably be faded. The market needs to take out last week's high soon to maintain the rally forecast into early June. The runaway oil market is giving the stock market a pause here as earnings season kicks in. Gold is close to a six day consecutive rise and may be vulnerable to a 1-3 day pull back but a Dollar Index breaking below March lows is supporting gold here. The PMs entered a runaway market off the 3/15 lows and have a chance to run into late May/early June but the rise will be speculative and risky. The XAU closed above key resistance at 220 on Tuesday – we believe the acceleration phase in gold stocks has begun – buy gold and silver stocks on dips – a ferocious rally into early June lies ahead. Leading indicators like consumer confidence, ISM, Chicago PMI, and durable goods are indicating a SLOWING ECONOMY here but the Fed's liquidity train in the form of POMO activities should give the markets another leg up into early June. Talk of the Fed prematurely ending its QE2 program is wishful thinking at this point. If the parabolic rally is still intact, PM stocks should dramatically outperform gold in the next rally phase. Our take is that the stock market correction ended on 3/14 and we are in the next leg up. The current rally phase into May/June will be highly speculative and will require that our cash position be raised along the way. Bonds retraced about 50% of the decline into February and turned down – sell rallies. The Dollar Index took out the March lows – we may see a real run on the dollar - a move to the low .70s appears underway.

 

Big Picture on Stocks – From our perspective, we are in a Wave 3 up on the daily chart from the July low and this could mitigate any selling attempts. The SPX got the scary decline into 3/14 needed to propel the next leg up into May/June. Our bias is for an "inflationary blow off" into the next Martin Armstrong Day in June 2011 at a time when the Fed plans to stop its QE2 campaign – some indices like the SPX could actually test their all-time highs. We should see the next big down wave begin in June.

 

   

Big Picture on PMs – The 12-wk and 48-wk lows bottomed around 1/28 amidst 52-wk lows in bullish sentiment and the latest low in PMs occurred on 3/14 – WE ARE NOW ENTERING THE ACCELERATION PHASE HIGHER in the PM sector – look for the HUI/XAU to outperform on the way higher. A strong rally into spring to around $1650 gold and ~$44 silver is possible with the more speculative PM stocks posting the really big gains.

      

• Stocks – The 4/1 turning point day kicked the SPX into a sideways consolidation. Runaway oil prices may be taking their toll. Monday's action will be key in determining the short-term trend.
• Gold – Our target is $1650 for gold by late May but a 1-3 day pullback is possible at any time especially with the 12-wk cycle low due around 4/25. Gold and silver are in runaway markets here.
• Bonds – Bonds retraced 50% of the decline into February and reversed to the downside last week. Sell rallies – an outflow of funds should benefit stocks.
• Crude oil – Crude oil continues to roll to new rally highs. A weakening Dollar Index is paving the way for higher prices.
• Dollar index – The Dollar Index took out the March low and a major break to the downside is in progress. The Dollar Index could test the low .70s before the CRB blow off ends around June and this should translate into gold around $1650 and oil from $120-$150.

   

TURNING POINT DAY:

 

The 4/1 Turning Point day in the New Moon Timing Window held the SPX back last week. We need to take out last week's high to reassert the uptrend.

     

• Evolving Gold (EVG.TO, C$0.86 +.02) - Lackluster management and marketing have kept this gem back during a period of speculative enthusiasm for PM junior miners. But a world-class deposit in Wyoming (Rattlesnake) and a potentially huge find on the Carlin Trend in NV argue that this stock will be a big winner. Goldcorp took a 15% interest and that says it all.  It is remarkable that this company with two rather obvious world-class deposits is failing to get any traction – IT HAS BEEN DEAD MONEY AND SHOULD BE CONSIDERED AS A SOURCE OF FUNDS FOR other PM juniors with a better looking chart.
• Uranium Energy (UEC, $4.19 +.08) – The Japanese nuclear plant cooling issues caused panic selling today in all things uranium – we are holding for higher prices. Uranium stocks are playing catch up to the rest of the commodity complex. Favoring the near-term producers here like UEC - the fundamentals are much more dramatic that the typical emerging gold producer. Adding on weakness.
• Strathmore Mining (STM.TO, C$.79 +.03) – Very undervalued uranium stock with huge reserves (+100 M lbs of relatively high grade), lots of cash and production prospects by 2013. 
• Prophecy Resource (PCY.V, C$0.96 -.01) - Normal profit taking going on here after a large run up last year. John Lee is determined to drive this emerging coal producer in Mongolia into an international mining powerhouse. Started production last fall with a favorable off-take agreement. Very aggressive business plan in place to make it a billion dollar company. Following the path that Robert Friedland took with South Gobi. This stock has obvious 10-20 bagger potential.
• Gryphon Gold (GYPH, $.151 -.009) - Got plan from management to begin phased production by early 2011 - financing details have yet to be announced.  Has >1M oz AU proven, mining permits and a highly prospective land package. Needs a cash infusion and maybe a partner. Good leverage to gold.

JUNIOR MINING FAVORITES:

(These companies are speculative - best to keep them to 10% of a portfolio with 50% stops based on purchase price. Buy a basket to diversify risk)

   

RULES FOR JUNIOR MINING INVESTING:



1) Keep to 10% of a portfolio.



2) Due your own Due Diligence.



3) Maintain a price stop of 30% of purchase price or whatever your Technical Analysis suggests is prudent.



4) Sell half of position on a double.

   

5) In this speculative environment with many junior miners coming to life, put a TIME stop on your junior investment. If your position is DEAD MONEY, consider rotating it to a stock that has more favorable technicals - juniors should have a PERFECT STORM behind their back between now and April 2011 - it's a time to MAKE HAY.

 

 

 

The Daily JDV Market Timer – April 7, 2011

Depression Beater Portfolio: - see below for new updates on Junior Miner Favorites - (This portfolio is just a sample of my own portfolio - no recommendation to others is implied or intended)

   

4/7/11 (Commentary for Thursday) The aftershock in Japan led to a sell off but the market managed to cut most of the loses by the end of the day. A Large Divergent rally in the Option Premium Ratio argues for a rally early Friday. Three consecutive small values of the McClellan Oscillator argue for a big move up soon in the SPX. The markets are liquidity driven and the BOJ has created massive amounts of liquidity and has resuscitated the Yen carry trade in the process – this is bullish for the US market. The outperformance of the Russell 2000 keeps us short-term and intermediate-term bullish on stocks going into going into early June. The XAU closed above key resistance at 220 on Tuesday – we believe the acceleration phase in gold stocks has begun – buy gold and silver stocks on dips – a ferocious rally into early June lies ahead. Leading indicators like consumer confidence, ISM, Chicago PMI, and durable goods are indicating a SLOWING ECONOMY here but the Fed's liquidity train in the form of POMO activities should give the markets another leg up into early June. Talk of the Fed prematurely ending its QE2 program is wishful thinking at this point. If the parabolic rally is still intact, PM stocks should dramatically outperform gold in the next rally phase. Our take is that the stock market correction ended on 3/14 and we are in the next leg up. The current rally phase into May/June will be highly speculative and will require that our cash position be raised along the way. Bonds may be confirming Weekly Reversal Timing to the downside – sell rallies – bonds holdings are being rotated into stocks. If the Dollar Index takes out the March lows – we may see a real run on the dollar - a move to the low .70s appears underway.

 

Big Picture on Stocks – From our perspective, we are in a Wave 3 up on the daily chart from the July low and this could mitigate any selling attempts. The SPX got the scary decline into 3/14 needed to propel the next leg up into May/June. Our bias is for an "inflationary blow off" into the next Martin Armstrong Day in June 2011 at a time when the Fed plans to stop its QE2 campaign – some indices like the SPX could actually test their all-time highs. We should see the next big down wave begin in June.

 

   

Big Picture on PMs – The 12-wk and 48-wk lows bottomed around 1/28 amidst 52-wk lows in bullish sentiment and the latest low in PMs occurred on 3/14 – WE ARE NOW ENTERING THE ACCELERATION PHASE HIGHER in the PM sector – look for the HUI/XAU to outperform on the way higher. A strong rally into spring to around $1650 gold and >$40 silver is possible with the more speculative PM stocks posting the really big gains.

      

• Stocks – The Large Divergent Rally in the Option Premium Ratio today argues for early strength in the SPX on Friday. The market is coiling in a sideways consolidation – the outperformance of the Russell 2000 over the SPX 500 is a strong statement that the market has ample liquidity to go much higher here. The market has a lot of internal strength and the HUI should lead the market higher.
• Gold – If the HUI takes out Thursday's low this would signal a deeper pull back and would be a signal of caution. We're looking for the PM sector to go ballistic in the near future. April is a seasonally strong month for gold and silver. The 12-wk cycle low is due around 4/25.
• Bonds – This week has Weekly Reversal Timing in the US bonds – appears to be confirmed. Sell rallies – an outflow of funds should benefit stocks.
• Crude oil – Crude oil continues to roll to new rally highs. A weakening Dollar Index is paving the way for higher prices.
• Dollar index – If the Dollar Index takes out the March low a major breakdown could occur. The Dollar Index could test the low .70s before the CRB blow off ends around June and this should translate into gold around $1650 and oil between $120-$150.

   

TURNING POINT DAY:

 

A turning point cluster on 4/1 in the New Moon Timing Window could top the SPX for a few days. A low volume pull back should be bought.

     

• Evolving Gold (EVG.TO, C$0.84 -.00) - Lackluster management and marketing have kept this gem back during a period of speculative enthusiasm for PM junior miners. But a world-class deposit in Wyoming (Rattlesnake) and a potentially huge find on the Carlin Trend in NV argue that this stock will be a big winner. Goldcorp took a 15% interest and that says it all.  It is remarkable that this company with two rather obvious world-class deposits is failing to get any traction – IT HAS BEEN DEAD MONEY AND SHOULD BE CONSIDERED AS A SOURCE OF FUNDS FOR other PM juniors with a better looking chart.
• Uranium Energy (UEC, $4.11 +.13) – The Japanese nuclear plant cooling issues caused panic selling today in all things uranium – we are holding for higher prices. Uranium stocks are playing catch up to the rest of the commodity complex. Favoring the near-term producers here like UEC - the fundamentals are much more dramatic that the typical emerging gold producer. Adding on weakness.
• Strathmore Mining (STM.TO, C$.76 -.00) – Very undervalued uranium stock with huge reserves (+100 M lbs of relatively high grade), lots of cash and production prospects by 2013. 
• Prophecy Resource (PCY.V, C$0.97 -.00) - Normal profit taking going on here after a large run up last year. John Lee is determined to drive this emerging coal producer in Mongolia into an international mining powerhouse. Started production last fall with a favorable off-take agreement. Very aggressive business plan in place to make it a billion dollar company. Following the path that Robert Friedland took with South Gobi. This stock has obvious 10-20 bagger potential.
• Gryphon Gold (GYPH, $.160 -.004) - Got plan from management to begin phased production by early 2011 - financing details have yet to be announced.  Has >1M oz AU proven, mining permits and a highly prospective land package. Needs a cash infusion and maybe a partner. Good leverage to gold.

JUNIOR MINING FAVORITES:

(These companies are speculative - best to keep them to 10% of a portfolio with 50% stops based on purchase price. Buy a basket to diversify risk)

   

RULES FOR JUNIOR MINING INVESTING:



1) Keep to 10% of a portfolio.



2) Due your own Due Diligence.



3) Maintain a price stop of 30% of purchase price or whatever your Technical Analysis suggests is prudent.



4) Sell half of position on a double.

   

5) In this speculative environment with many junior miners coming to life, put a TIME stop on your junior investment. If your position is DEAD MONEY, consider rotating it to a stock that has more favorable technicals - juniors should have a PERFECT STORM behind their back between now and April 2011 - it's a time to MAKE HAY.

 

 

The Daily JDV Market Timer – April 6, 2011

Depression Beater Portfolio: - see below for new updates on Junior Miner Favorites - (This portfolio is just a sample of my own portfolio - no recommendation to others is implied or intended)

   

4/6/11 (Commentary for Wednesday) The SPX has been tracing out a sideways correction since the Major Turning point on 4/1 – the market appears to be coiling for its next advance. Three consecutive small values of the McClellan Oscillator argue for a big move up soon. The outperformance of the Russell 2000 keeps us short-term and intermediate-term bullish on stocks going into going into early June. The XAU closed above key resistance at 220 on Tuesday – we believe the acceleration phase in gold stocks has begun – buy gold and silver stocks on dips – a ferocious rally into early June lies ahead. Leading indicators like consumer confidence, ISM, Chicago PMI, and durable goods are indicating a SLOWING ECONOMY here but the Fed's liquidity train in the form of POMO activities should give the markets another leg up into early June. Talk of the Fed prematurely ending its QE2 program is wishful thinking at this point. If the parabolic rally is still intact, PM stocks should dramatically outperform gold in the next rally phase. Our take is that the stock market correction ended on 3/14 and we are in the next leg up. The current rally phase into May/June will be highly speculative and will require that our cash position be raised along the way. Bonds may be confirming Weekly Reversal Timing to the downside – sell rallies – bonds holdings are being rotated into stocks. If the Dollar Index takes out the March lows – we may see a real run on the dollar - a move to the low .70s appears underway.

 

Big Picture on Stocks – From our perspective, we are in a Wave 3 up on the daily chart from the July low and this could mitigate any selling attempts. The SPX got the scary decline into 3/14 needed to propel the next leg up into May/June. Our bias is for an "inflationary blow off" into the next Martin Armstrong Day in June 2011 at a time when the Fed plans to stop its QE2 campaign – some indices like the SPX could actually test their all-time highs. We should see the next big down wave begin in June.

 

   

Big Picture on PMs – The 12-wk and 48-wk lows bottomed around 1/28 amidst 52-wk lows in bullish sentiment and the latest low in PMs occurred on 3/14 – WE ARE NOW ENTERING THE ACCELERATION PHASE HIGHER in the PM sector – look for the HUI/XAU to outperform on the way higher. A strong rally into spring to around $1650 gold and >$40 silver is possible with the more speculative PM stocks posting the really big gains.

      

• Stocks – The market is coiling in a sideways consolidation – the outperformance of the Russell 2000 over the SPX 500 is a strong statement that the market has ample liquidity to go much higher here. The market has a lot of internal strength and the HUI should lead the market higher.
• Gold – The HUI corrected in an EW a-b-c pattern on the 5 min chart – should be bought. Volume was very strong on the break out in gold stocks Tuesday and the HUI/XAU should soar to new highs soon. We're looking for the PM sector to go ballistic in the near future. April is a seasonally strong month for gold and silver. The 12-wk cycle low is due around 4/25.
• Bonds – This week has Weekly Reversal Timing in the US bonds – appears to be confirmed. Sell rallies – an outflow of funds should benefit stocks.
• Crude oil – Crude oil continues to roll to new rally highs. A weakening Dollar Index is paving the way for higher prices.
• Dollar index – If the Dollar Index takes out the March low a major breakdown could occur. The Dollar Index could test the low .70s before the CRB blow off ends around June and this should translate into gold around $1650 and oil between $120-$150.

   

TURNING POINT DAY:

 

A turning point cluster on 4/1 in the New Moon Timing Window could top the SPX for a few days. A low volume pull back should be bought.

     

• Evolving Gold (EVG.TO, C$0.84 -.01) - Lackluster management and marketing have kept this gem back during a period of speculative enthusiasm for PM junior miners. But a world-class deposit in Wyoming (Rattlesnake) and a potentially huge find on the Carlin Trend in NV argue that this stock will be a big winner. Goldcorp took a 15% interest and that says it all.  It is remarkable that this company with two rather obvious world-class deposits is failing to get any traction – IT HAS BEEN DEAD MONEY AND SHOULD BE CONSIDERED AS A SOURCE OF FUNDS FOR other PM juniors with a better looking chart.
• Uranium Energy (UEC, $3.98 +.01) – The Japanese nuclear plant cooling issues caused panic selling today in all things uranium – we are holding for higher prices. Uranium stocks are playing catch up to the rest of the commodity complex. Favoring the near-term producers here like UEC - the fundamentals are much more dramatic that the typical emerging gold producer. Adding on weakness.
• Strathmore Mining (STM.TO, C$.76 -.02) – Very undervalued uranium stock with huge reserves (+100 M lbs of relatively high grade), lots of cash and production prospects by 2013. 
• Prophecy Resource (PCY.V, C$0.97 -.00) - Normal profit taking going on here after a large run up last year. John Lee is determined to drive this emerging coal producer in Mongolia into an international mining powerhouse. Started production last fall with a favorable off-take agreement. Very aggressive business plan in place to make it a billion dollar company. Following the path that Robert Friedland took with South Gobi. This stock has obvious 10-20 bagger potential.
• Gryphon Gold (GYPH, $.166 +.004) - Got plan from management to begin phased production by early 2011 - financing details have yet to be announced.  Has >1M oz AU proven, mining permits and a highly prospective land package. Needs a cash infusion and maybe a partner. Good leverage to gold.

JUNIOR MINING FAVORITES:

(These companies are speculative - best to keep them to 10% of a portfolio with 50% stops based on purchase price. Buy a basket to diversify risk)

   

RULES FOR JUNIOR MINING INVESTING:



1) Keep to 10% of a portfolio.



2) Due your own Due Diligence.



3) Maintain a price stop of 30% of purchase price or whatever your Technical Analysis suggests is prudent.



4) Sell half of position on a double.

   

5) In this speculative environment with many junior miners coming to life, put a TIME stop on your junior investment. If your position is DEAD MONEY, consider rotating it to a stock that has more favorable technicals - juniors should have a PERFECT STORM behind their back between now and April 2011 - it's a time to MAKE HAY.

 

The Daily JDV Market Timer – April 5, 2011

Depression Beater Portfolio: - see below for new updates on Junior Miner Favorites - (This portfolio is just a sample of my own portfolio - no recommendation to others is implied or intended)

   

4/5/11 (Commentary for Tuesday) Gold staged a MAJOR BREAKOUT today – not only did gold confirm the new highs in silver but the XAU also closed above key resistance at 220 – we believe the acceleration phase in gold stocks may have begun – buy gold and silver stocks on dips – a ferocious rally into early June lies ahead. The outperformance of the Russell 2000 keeps us short-term and intermediate-term bullish on stocks going into going into early June. Leading indicators like consumer confidence, ISM, Chicago PMI, and durable goods are indicating a SLOWING ECONOMY here but the Fed's liquidity train in the form of POMO activities should give the markets another leg up into early June. Talk of the Fed prematurely ending its QE2 program is wishful thinking at this point. If the parabolic rally is still intact, PM stocks should dramatically outperform gold in the next rally phase. Our take is that the stock market correction ended on 3/14 and we are in the next leg up. The current rally phase into May/June will be highly speculative and will require that our cash position be raised along the way. Bonds may be confirming Weekly Reversal Timing to the downside – sell rallies – bonds holdings are being rotated into stocks. If the Dollar Index takes out the March lows – we may see a real run on the dollar - a move to the low .70s appears underway.

 

Big Picture on Stocks – From our perspective, we are in a Wave 3 up on the daily chart from the July low and this could mitigate any selling attempts. The SPX got the scary decline into 3/14 needed to propel the next leg up into May/June. Our bias is for an "inflationary blow off" into the next Martin Armstrong Day in June 2011 at a time when the Fed plans to stop its QE2 campaign – some indices like the SPX could actually test their all-time highs. We should see the next big down wave begin in June.

 

   

Big Picture on PMs – The 12-wk and 48-wk lows bottomed around 1/28 amidst 52-wk lows in bullish sentiment and the latest low in PMs occurred on 3/14 – WE ARE NOW ENTERING THE ACCELERATION PHASE HIGHER in the PM sector – look for the HUI/XAU to outperform on the way higher. A strong rally into spring to around $1650 gold and >$40 silver is possible with the more speculative PM stocks posting the really big gains.

      

• Stocks – The outperformance of the Russell 2000 over the SPX 500 is a strong statement that the market has ample liquidity to go much higher here. The market has a lot of internal strength and the HUI should lead the market higher.
• Gold – Gold exploded to new highs to confirm the highs in silver, but more importantly, the XAU closed above 220 resistance. Volume was very strong on the break out in gold stocks today and the HUI/XAU should soar to new highs soon. We're looking for the PM sector to go ballistic in the near future. April is a seasonally strong month for gold and silver. The 12-wk cycle low is due around 4/25.
• Bonds – This week has Weekly Reversal Timing in the US bonds. Sell rallies – an outflow of funds should benefit stocks.
• Crude oil – Crude oil continued to roll to new rally highs. A weakening Dollar Index is paving the way for higher prices.
• Dollar index – If the Dollar Index takes out the March low a major breakdown could occur. The Dollar Index could test the low .70s before the CRB blow off ends around June and this should translate into gold around $1650 and oil between $120-$150.

   

TURNING POINT DAY:

 

A turning point cluster on 4/1 in the New Moon Timing Window could top the SPX for a few days. A low volume pull back should be bought.

     

• Evolving Gold (EVG.TO, C$0.85 +.01) - Lackluster management and marketing have kept this gem back during a period of speculative enthusiasm for PM junior miners. But a world-class deposit in Wyoming (Rattlesnake) and a potentially huge find on the Carlin Trend in NV argue that this stock will be a big winner. Goldcorp took a 15% interest and that says it all.  It is remarkable that this company with two rather obvious world-class deposits is failing to get any traction – IT HAS BEEN DEAD MONEY AND SHOULD BE CONSIDERED AS A SOURCE OF FUNDS FOR other PM juniors with a better looking chart.
• Uranium Energy (UEC, $3.97 -.03) – The Japanese nuclear plant cooling issues caused panic selling today in all things uranium – we are holding for higher prices. Uranium stocks are playing catch up to the rest of the commodity complex. Favoring the near-term producers here like UEC - the fundamentals are much more dramatic that the typical emerging gold producer. Adding on weakness.
• Strathmore Mining (STM.TO, C$.78 +.02) – Very undervalued uranium stock with huge reserves (+100 M lbs of relatively high grade), lots of cash and production prospects by 2013. 
• Prophecy Resource (PCY.V, C$0.97 -.00) - Normal profit taking going on here after a large run up last year. John Lee is determined to drive this emerging coal producer in Mongolia into an international mining powerhouse. Started production last fall with a favorable off-take agreement. Very aggressive business plan in place to make it a billion dollar company. Following the path that Robert Friedland took with South Gobi. This stock has obvious 10-20 bagger potential.
• Gryphon Gold (GYPH, $.1560 +.001) - Got plan from management to begin phased production by early 2011 - financing details have yet to be announced.  Has >1M oz AU proven, mining permits and a highly prospective land package. Needs a cash infusion and maybe a partner. Good leverage to gold.

JUNIOR MINING FAVORITES:

(These companies are speculative - best to keep them to 10% of a portfolio with 50% stops based on purchase price. Buy a basket to diversify risk)

   

RULES FOR JUNIOR MINING INVESTING:



1) Keep to 10% of a portfolio.



2) Due your own Due Diligence.



3) Maintain a price stop of 30% of purchase price or whatever your Technical Analysis suggests is prudent.



4) Sell half of position on a double.

   

5) In this speculative environment with many junior miners coming to life, put a TIME stop on your junior investment. If your position is DEAD MONEY, consider rotating it to a stock that has more favorable technicals - juniors should have a PERFECT STORM behind their back between now and April 2011 - it's a time to MAKE HAY.

The Daily JDV Market Timer – April 4, 2011

Depression Beater Portfolio: - see below for new updates on Junior Miner Favorites - (This portfolio is just a sample of my own portfolio - no recommendation to others is implied or intended)

   

4/4/11 (Commentary for Monday) The cluster of turning points on Friday, superimposed on the New Moon Timing Window, continued to hold the SPX back today. However, the outperformance of the Russell 2000 keeps us intermediate-term bullish going into early June. Silver made a new rally high and the PM stocks appear to be coiling in a Wave 2 of 3 off the 1/28 low – the HUI should explode higher in the next few days. Treasury bonds are close to finishing a corrective bounce – this market should continue its downtrend as funds flow into stocks. Crude oil made a rally high and it appears that more gains lie ahead as the Dollar Index continues to slip. Our take is that the stock market correction ended on 3/14 and we are in the next leg up – leadership by the Russell 2000 is bullish. The current rally phase into May/June will be highly speculative and will require that our cash position be raised along the way. Bonds will be used as a source of funds in the next speculative leg up in stocks. The Dollar Index still looks very weak considering the events shaking the world financial markets – there is a lack of "flight to quality bids" – a move to the low .70s appears underway.

 

Big Picture on Stocks – From our perspective, we are in a Wave 3 up on the daily chart from the July low and this could mitigate any selling attempts. The SPX got the scary decline into 3/14 needed to propel the next leg up into May/June. Our bias is for an "inflationary blow off" into the next Martin Armstrong Day in June 2011 at a time when the Fed plans to stop its QE2 campaign – some indices like the SPX could actually test their all-time highs. We should see the next big down wave begin in June.

 

   

Big Picture on PMs – The 12-wk and 48-wk lows bottomed around 1/28 amidst 52-wk lows in bullish sentiment and the latest low in PMs occurred on 3/14 – WE ARE NOW ENTERING THE ACCELERATION PHASE HIGHER in the PM sector – look for the HUI/XAU to outperform on the way higher. A strong rally into spring to around $1650 gold and >$40 silver is possible with the more speculative PM stocks posting the really big gains.

      

• Stocks – The cluster of turning points on Friday in the New Moon Timing window still appears to be holding the market back in a sideways consolidation, however, the intermediate-term trend should be up into early June. The outperformance of the Russell 2000 over the SPX 500 is a strong statement that the market has ample liquidity to go much higher here.
• Gold – Silver continued to make rally highs but the bearish divergence with silver stocks and gold here makes us a little cautious in the short-term. However, we're looking for the PM sector to go ballistic in the near future. April is a seasonally strong month for gold and silver. The 12-wk cycle low is due around 4/25.
• Crude oil – Crude oil continued to roll to new rally highs. A weakening Dollar Index is paving the way for higher prices.
• Dollar index – If the Dollar Index takes out the March low a major breakdown could occur. The Dollar Index could test the low .70s before the CRB blow off ends around June and this should translate into gold around $1650 and oil between $120-$150.

   

TURNING POINT DAY:

 

A turning point cluster on 4/1 in the New Moon Timing Window could top the SPX for a few days. A low volume pull back should be bought.

     

• Evolving Gold (EVG.TO, C$0.84 +.04) - Lackluster management and marketing have kept this gem back during a period of speculative enthusiasm for PM junior miners. But a world-class deposit in Wyoming (Rattlesnake) and a potentially huge find on the Carlin Trend in NV argue that this stock will be a big winner. Goldcorp took a 15% interest and that says it all.  It is remarkable that this company with two rather obvious world-class deposits is failing to get any traction – IT HAS BEEN DEAD MONEY AND SHOULD BE CONSIDERED AS A SOURCE OF FUNDS FOR other PM juniors with a better looking chart.
• Uranium Energy (UEC, $4.00 -.05) – The Japanese nuclear plant cooling issues caused panic selling today in all things uranium – we are holding for higher prices. Uranium stocks are playing catch up to the rest of the commodity complex. Favoring the near-term producers here like UEC - the fundamentals are much more dramatic that the typical emerging gold producer. Adding on weakness.
• Strathmore Mining (STM.TO, C$.76 -.00) – Very undervalued uranium stock with huge reserves (+100 M lbs of relatively high grade), lots of cash and production prospects by 2013. 
• Prophecy Resource (PCY.V, C$0.97 -.02) - Normal profit taking going on here after a large run up last year. John Lee is determined to drive this emerging coal producer in Mongolia into an international mining powerhouse. Started production last fall with a favorable off-take agreement. Very aggressive business plan in place to make it a billion dollar company. Following the path that Robert Friedland took with South Gobi. This stock has obvious 10-20 bagger potential.
• Gryphon Gold (GYPH, $.1550 -.001) - Got plan from management to begin phased production by early 2011 - financing details have yet to be announced.  Has >1M oz AU proven, mining permits and a highly prospective land package. Needs a cash infusion and maybe a partner. Good leverage to gold.

JUNIOR MINING FAVORITES:

(These companies are speculative - best to keep them to 10% of a portfolio with 50% stops based on purchase price. Buy a basket to diversify risk)

   

RULES FOR JUNIOR MINING INVESTING:



1) Keep to 10% of a portfolio.



2) Due your own Due Diligence.



3) Maintain a price stop of 30% of purchase price or whatever your Technical Analysis suggests is prudent.



4) Sell half of position on a double.

   

5) In this speculative environment with many junior miners coming to life, put a TIME stop on your junior investment. If your position is DEAD MONEY, consider rotating it to a stock that has more favorable technicals - juniors should have a PERFECT STORM behind their back between now and April 2011 - it's a time to MAKE HAY.

 

The Weekly JDV Market Timer – April 3, 2011

Depression Beater Portfolio: - see below for new updates on Junior Miner Favorites - (This portfolio is just a sample of my own portfolio - no recommendation to others is implied or intended)

   

4/3/11 (Commentary for Sunday) The cluster of turning points on Friday, superimposed on the New Moon Timing Window, may have given us a short-term top in the Friday/Monday time frame. However, we remain intermediate-term bullish going into early June on the stock market. The unemployment rate improved but this is a lagging indicator for the economy – other leading indicators like consumer confidence, ISM, Chicago PMI, and durable goods are indicating a SLOWING ECONOMY here. Talk of the Fed prematurely ending its QE2 program is wishful thinking at this point. End of quarter window dressing was a factor last week but money flow indicators are bullish for a number of indices - especially the Russell 2000. Short term however, the action of IBM, AAPL, and the HUI on Friday afternoon may be indicating some selling on Monday, but the trend should remain up into June. 1-Day Reversal Timing from Starkey for gold and silver WAS CONFIRMED on Friday but since the HUI stocks did not bounce back with the metals we may see some early selling in the PM sector on Monday. If the parabolic rally is still intact, PM stocks should dramatically outperform gold in the next rally phase. Our take is that the stock market correction ended on 3/14 and we are in the next leg up. The current rally phase into May/June will be highly speculative and will require that our cash position be raised along the way. Bonds will be used as a source of funds in the next speculative leg up in stocks. The Dollar Index still looks very weak considering the events shaking the world financial markets - a move to the low .70s appears underway.

 

Big Picture on Stocks – From our perspective, we are in a Wave 3 up on the daily chart from the July low and this could mitigate any selling attempts. The SPX got the scary decline into 3/14 needed to propel the next leg up into May/June. Our bias is for an "inflationary blow off" into the next Martin Armstrong Day in June 2011 at a time when the Fed plans to stop its QE2 campaign – some indices like the SPX could actually test their all-time highs. We should see the next big down wave begin in June.

 

   

Big Picture on PMs – The 12-wk and 48-wk lows bottomed around 1/28 amidst 52-wk lows in bullish sentiment and the latest low in PMs occurred on 3/14 – WE ARE NOW ENTERING THE ACCELERATION PHASE HIGHER in the PM sector – look for the HUI/XAU to outperform on the way higher. A strong rally into spring to around $1650 gold and >$40 silver is possible with the more speculative PM stocks posting the really big gains.

      

• Stocks – The cluster of turning points on Friday in the New Moon Timing window may give us a short-term top in the SPX – however, the intermediate-term trend should be up into early June. The late Friday weakness of leading stocks like IBM, AAPL, and the HUI could argue for some follow through selling on Monday.
• Gold – Gold has been basing since October and an upside breakout appears imminent. Taking out 1404.6 to the downside would make us short-term bearish on gold. 1-Day Reversal Timing on Friday WAS CONFIRMED to the upside but lack of confirmation by the HUI argues for some weakness on Monday. However, we're looking for the PM sector to go ballistic in the near future. April is a seasonally strong month for gold and silver.
• Crude oil – The breakout in the OIH to yearly highs argues for higher oil prices and more speculative blow off in commodities into early June.
• Dollar index - The Dollar Index broke a 3-yr trend line to the downside. The Dollar Index could test the low .70s before the CRB blow off ends around June and this should translate into gold around $1650 and oil between $120-$150.

   

TURNING POINT DAY:

 

A turning point cluster on 4/1 in the New Moon Timing Window could top the SPX for a few days. A low volume pull back should be bought.

     

• Evolving Gold (EVG.TO, C$0.81 +.01) - Lackluster management and marketing have kept this gem back during a period of speculative enthusiasm for PM junior miners. But a world-class deposit in Wyoming (Rattlesnake) and a potentially huge find on the Carlin Trend in NV argue that this stock will be a big winner. Goldcorp took a 15% interest and that says it all.  It is remarkable that this company with two rather obvious world-class deposits is failing to get any traction – IT HAS BEEN DEAD MONEY AND SHOULD BE CONSIDERED AS A SOURCE OF FUNDS FOR other PM juniors with a better looking chart.
• Uranium Energy (UEC, $4.05 +.06) – The Japanese nuclear plant cooling issues caused panic selling today in all things uranium – we are holding for higher prices. Uranium stocks are playing catch up to the rest of the commodity complex. Favoring the near-term producers here like UEC - the fundamentals are much more dramatic that the typical emerging gold producer. Adding on weakness.
• Strathmore Mining (STM.TO, C$.76 -.01) – Very undervalued uranium stock with huge reserves (+100 M lbs of relatively high grade), lots of cash and production prospects by 2013. 
• Prophecy Resource (PCY.V, C$0.99 +.01) - Normal profit taking going on here after a large run up last year. John Lee is determined to drive this emerging coal producer in Mongolia into an international mining powerhouse. Started production last fall with a favorable off-take agreement. Very aggressive business plan in place to make it a billion dollar company. Following the path that Robert Friedland took with South Gobi. This stock has obvious 10-20 bagger potential.
• Gryphon Gold (GYPH, $.1560 -.00) - Got plan from management to begin phased production by early 2011 - financing details have yet to be announced.  Has >1M oz AU proven, mining permits and a highly prospective land package. Needs a cash infusion and maybe a partner. Good leverage to gold.

JUNIOR MINING FAVORITES:

(These companies are speculative - best to keep them to 10% of a portfolio with 50% stops based on purchase price. Buy a basket to diversify risk)

   

RULES FOR JUNIOR MINING INVESTING:



1) Keep to 10% of a portfolio.



2) Due your own Due Diligence.



3) Maintain a price stop of 30% of purchase price or whatever your Technical Analysis suggests is prudent.



4) Sell half of position on a double.

   

5) In this speculative environment with many junior miners coming to life, put a TIME stop on your junior investment. If your position is DEAD MONEY, consider rotating it to a stock that has more favorable technicals - juniors should have a PERFECT STORM behind their back between now and April 2011 - it's a time to MAKE HAY.