positive for SVM -he tickerspy.com Staff, On Monday January 4, 2010, 11:15 am
Gold, silver, and platinum have been in focus recently after a weak dollar bolstered prices in 2009, and while the U.S. currency has shown recent signs of life, precious metal stocks are roaring to bring in the New Year.
Gold prices hit a three-week high Monday after slumping to a seven-week low in mid-December. As was the story throughout 2009, fluctuations are largely driven by the outlook for the U.S. dollar, which many fear will continue to struggle, as inflation could be a consequence of the massive economic stimulus efforts put forth across the globe.
As a whole, the Gold and Silver Stocks Index is up by 3.5% today as the dollar pulls back to start 2010. The Index is currently trailing the S&P 500 by -3.5% over the last month, but a look at the performance chart shows the segment is near the support of its positive 2009 trend.
Multi-billion dollar mining giants Barrick Gold (NYSE: ABX - News), Goldcorp (NYSE: GG - News), and Newmont Mining (NYSE: NEM - News) are all ahead by over 2.5% in the rally. All three pulled back substantially in December, giving gold bulls ample opportunity to boost stakes.
Silver players Silvercorp Metals (NYSE: SVM - News), Pan American Silver (NASDAQ: PAAS - News), and Silver Wheaton (NYSE: SLW - News) are all among the day's top performers, up by over 3% for the session. Silvercorp is now in positive territory over the last month.
Total Number
of Trades Average Days
per Trade Total Profit
from Trades on TSX
Trend Spotter (TM) 28 Trades 45 Days/Trade 0.2445
7 Day Average Directional Indicator 145 Trades 10 Days/Trade 1.0765
10 - 8 Day Moving Average Hilo Channel 160 Trades 7 Days/Trade 1.1715
20 Day Moving Average vs Price 109 Trades 14 Days/Trade 0.6365
20 - 50 Day MACD Oscillator 23 Trades 63 Days/Trade 0.3285
20 Day Bollinger Bands 65 Trades 4 Days/Trade 0.4810
40 Day Commodity Channel Index 68 Trades 9 Days/Trade 0.2315
50 Day Moving Average vs Price 73 Trades 20 Days/Trade 0.8495
20 - 100 Day MACD Oscillator 9 Trades 154 Days/Trade 0.9305
50 Day Parabolic Time/Price 83 Trades 18 Days/Trade 0.7365
60 Day Commodity Channel Index 45 Trades 14 Days/Trade 0.5885
100 Day Moving Average vs Price 29 Trades 48 Days/Trade 0.9225
50 - 100 Day MACD Oscillator 9 Trades 154 Days/Trade 0.6305
Average Number
of Trades Average Days
per Trade Average Profit
per Signal
Overall Performance Summary 65 Trades 18 Days/Trade 0.6790