- Avoid any buy candidate that demonstrates a current negative daily, weekly and monthly downtrend.
- Avoid far out predictions by promoters and newsletter writers not supported by clear evidence and price trends.
- Avoid borderline signals in any indicator. Some questionable items do sometimes "slip thru" in scans.
- Avoid signals in sideways patterns. These are rarely profitable. Stick with clearly defined trending stocks and indexes.
- Avoid trading early in the week when plan formulas have a weekly (Friday) requirement (unless confirmations are clearly robust)
- Avoid pre-judging and taking positions prior to actual signals. Many "probable's" can fade a day or two later creating a loss.
- Avoid "gut feeling" and "hoping, wishing and praying" type trades. These mistakes are easily avoided.
- Avoid buying after large price gaps or huge one day advances due to major company announcements or shorts covering.
- Avoid compressed and cluttered charts. A chart needs to tell you where you are. If it doesn't, don't waste your time and move on.
Wall Street calls investments "securities" because that sounds safe, solid and sensible as well as being more marketable than just plain old "stocks". Whatever you call them, the following investment alerts must be noted.
- Avoid reading what what you want to hear and concentrate on what you need to hear. Major difference.
- Avoid, like the plague, stocks which are promoted by paid shills or who want to include inferred resources as reason to buy. Check the fine print at the bottom of that presentation for their fee or sponsorship arrangement.
- Avoid those who claim various published economic statistics are bogus and cannot be relied upon but still show them if they meet their argument's conclusions.
Inferred Gold Resources
Allow me to be blunt.
If your favorite little stock has a so-called 2/mil+ resource but only about 550,000 is in the indicated category with the rest in inferred, you are going nowhere fast. Inferred resources are not relevant. “NI 43-101 typically prohibits the inclusion of inferred resources in initial economic assessments.”
Only own development companies which have at least a 2/mil oz of M&I resource or P&P reserves. This is the bare minimum resource for takeovers by the larger players.
District Scale Promotions
Avoid promotions which include a headline they have a district scale gold exploration potential.
There is a snowballs chance they will ever have enough money to explore all this property without diluting the share count to unreasonable valuation levels, much less including the cost of building a mine.
Moonshots
Avoid those who claim gold is going to do a moonshot any day now because our government finances are in such a disarray and we are not living within our means. A moment of truth will arrive at some point but may take far longer than you expect or have the patience for.
Following positive gold trends can be profitable exercise but Gold first is an insurance policy just like for your car, home or health. It is not a get-rich-quick scheme.
In Summary
It's not about potential resources, questionable promotions or moonshot mania.
It's all about financially insuring your future by following trends, starting first in the daily.
Avoid false flags of hope without foundation.
Invest wisely.
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Caveat
While past performance and probabilities are favorable, results are not guaranteed. Use these trade plans, stocks or comments at your own risk. All analytical content and commentary provided within or from this site is aimed purely to educate or inform readers on the potential technical and fundamental aspects and possible value of intelligent, mathematically based research tools and charts for due diligence purposes.
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