Gold stocks

Discussion in 'Metal Futures' started by andrasnm, Dec 16, 2005.

  1. This is a great bunch to trade for the novices. You have something to key off (that is not involved in program trading like S&P)
    When I started trading stocks, Bob Kanter taught us to trade gold stocks initially.
    Times recently have validated that idea imho.
    Trading gold as a commodity is harder due to volatility and the leverage.
    Best candidates are;
    NEM, FCX
    as they are the leaders.
     
  2. here is the 5 min chart for NEM for example..

    Let me add one more thing - this is the only group to be caught long if the proverbial crapolla will hit the fan, let it be a fiscal crisis or terror attack on US soil.