These Gold Miners are Outperformers

Posted by Jeff Pierce

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These gold stocks are going against my bearish thesis and if they continue to push higher without pausing, these will most likely be the best performers in this sector moving forward.

Keep your eye on the NovaGold (NG) and Agnico-Eagle Mines (AEM) for clues to see if gold is going to resume it’s uptrend. Iamgold (IAG) is consolidating and should breakout one way or the other. Whichever way it goes should go gold. Click on charts to enlarge.





About Jeff Pierce
I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in my opinion is out of date and there is wisdom in crowds.

I’ve developed a market timing system that determines when it’s best to be long, short or on the sidelines, using a number of proprietary indicators based on many time frames. I believe that to have longevity in this field one must find ways to calm the mind and trade from a detached point of view. Emotionless trading will allow you to respond to what’s going on