Current Holdings

Long: DRYS, STP, FRE, TEX
Short: FWLT, ISRG

Gold

FYI, I have dumped gold. Although it may eventually trend upward, it has lost all of its strength. Fed will stop raising this week or next time. I still have some DBA, but I will look to be getting out of that as well.

AUY, more gold

Here is another gold miner company that seems to be at a good buying point, assuming the trend continues.



You can manage your risk very easily by placing a stop below 14. Thats 0.30-0.40 potential loss for a 4.00 potential gain. Nice risk/reward.

ABX - Gold Recovery?

Take a look at ABX, a gold miner.



I will list the pros and cons about this stock chart.

PROS

• MACD turning bullish
• Trend is up, stock is in the lows of trend (good entry)
• Decreasing volume on pullback (consolidation)
  

CONS

• Right now it is testing the trendline, going above and below it, but it fails to provide solid support.

• Second MACD green bar is lower than the first, troubling
  
• Williams %R refuses to leave undersold area
  

Right now I own some ABX, probably a little too much for all the concerns I have. I will be a buyer if the CONS are eliminated in the next few trading days.

VIX

Is at a critical point in its trendline.