Honest Money Gold and Silver Report: Gold and Silver Stocks Breaking Out
Gold & Silver
Stocks Breaking Out
Precious Metal Stocks
Several gold and silver stocks are breaking out today (5/20/09). It remains to be seen if they hold and obtain, but right now it is occurring.
Many of these stocks have been on our stock watch list, in the portfolio, and or in recent email updates.
Following are the charts of some of those breaking out today: GG, AEM, GFI, PAAS, and SLW. There are others as well.
There is nothing much to say that the charts aren't saying, except that breakouts can fail and they need further confirmation from both price action and volume.
Please note these charts are from before today's close and anything can happen going into and on the close. Check accordingly.
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Good luck. Good trading. Good health.
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Author: Douglas V. Gnazzo
Douglas V. Gnazzo
Honest Money Gold & Silver Report
Douglas V. Gnazzo is the retired CEO of New England Renovation LLC, a historical restoration contractor that specialized in the restoration of older buildings and vintage historic landmarks. Mr. Gnazzo writes for numerous websites, and his work appears both here and abroad. Just recently, he was honored by being chosen as a Foundation Scholar for the Foundation of Monetary Education (FAME).
Disclaimer: The contents of this article represent the opinions of Douglas V. Gnazzo. Nothing contained herein is intended as investment advice or recommendations for specific investment decisions, and you should not rely on it as such. Douglas V. Gnazzo is not a registered investment advisor. Information and analysis above are derived from sources and using methods believed to be reliable, but Douglas. V. Gnazzo cannot accept responsibility for any trading losses you may incur as a result of your reliance on this analysis and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Individuals should consult with their broker and personal financial advisors before engaging in any trading activities. Do your own due diligence regarding personal investment decisions. This article may contain information that is confidential and/or protected by law. The purpose of this article is intended to be used as an educational discussion of the issues involved. Douglas V. Gnazzo is not a lawyer or a legal scholar. Information and analysis derived from the quoted sources are believed to be reliable and are offered in good faith. Only a highly trained and certified and registered legal professional should be regarded as an authority on the issues involved; and all those seeking such an authoritative opinion should do their own due diligence and seek out the advice of a legal professional. Lastly, Douglas V. Gnazzo believes that The United States of America is the greatest country on Earth, but that it can yet become greater. This article is written to help facilitate that greater becoming. God Bless America.
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