Super Force Signals - A Leading
Market Timing Service
We Take Every Trade Ourselves
Trading Gold's Power
Move: Rebuy Every 2% down
posted Oct 11, 2010
Weekly Market Update Excerpt
Oct 8-11, 2010
Gold and Precious Metals
KEY CHART #1:
GOLD via SGOL-NYSE
Buy and Sell recommendations should be
added at the recommended price.
The Surge Index System Buys Weakness and Sells Strength
Super Force Gold Bullion Analysis:
- Gold has a Surge Index 100 Sell Signal
as of Oct. 1st. This is the maximum Surge Sell Signal.
- I am a Long Term Bull as it relates
to GOLD. I bought more physical bullion when many were predicting
much lower prices and better entry levels back in July. I bought
and I'm not selling my physical gold.
- I have said in the Sept. 16-17 WU of
Gold and Gold Stocks:
- "The RSI Indicator for Gold
was higher in May than it is now. This leads me to believe we
may have more room to the upside in the immediate future, now
that the overhead resistance has been taken out."
- Since then Gold has continued higher
and in the long term Gold will in my opinion be much higher.
When Governments create currency out of thin air, Gold becomes
- That said, this chart has WARNING written
all over it; read the analysis carefully. Many traded assets
are following the same pattern, which is rising prices and declining
- Again the key to successful investing
is buying weakness and selling strength. Gold is up significantly
and that strength has to be sold. I do not recommend selling
any core positions.
- I'm prepared for all action in this
sector. I want to own more Gold and Gold Stocks. Use the Surge
Index System to time your buys.
KEY CHART #2: GOLD
JUNIORS via GDXJ-NYSE
Super Force Gold JUNIORS Analysis:
- There is currently a Surge Index 100
Sell Signal on GDXJ as of Sept 8th.
- My strategy has been to sell strength
and to buy weakness; I set my orders to re buy 3% from the sell
price on GDXJ. I was able to accomplish that again this week.
This allows me to maintain a large position and still take profits
with a portion of my holdings.
- Price has had a fabulous move from the
July lows. That is when my largest buys were entered. I made
note on this chart at the time, stating where additional capital
was allocated. GDXJ is up some 44% from those lows.
- The Superforce 60Trading Service has
logged traded after trade since those lows. This service posts
the trades as they happen.
- I said a week ago there was churning
developing in this sector. Churning is described as heavy turnover
without price progress. There was price progress this week, although
note the heaviest volume in months occurred Thursday on a hard
- A reasonable target for GDXJ is the
30.50 area for a pullback. That represents previous highs. Previous
resistance turns into current support. That also is approximately
50% of the move from the lows of July.
- As mentioned above, there is a Surge
100 Sell on GDXJ. Although there is a sell, I hold a core position
of approximately 50%. When weakness occurs I will enlarge my
core position and trading position.
KEY CHART #3: GOLD
STOCKS via GDX-NYSE
Super Force Gold Stocks Analysis:
- A Surge Index 75 Sell Signal was issued
- My strategy for Gold and GDX for many
weeks has been to take profits and re buy 2% under the sell
- This strategy has been an effective
way to protect profits and continue to maintain nice trading
and core positions.
- Gold followed by Gold Stocks are
by far my largest holdings.
- My biggest concern for GDX is Gold itself.
Gold issued a max sell on Oct 1. I posted on Chart #1the possibility
of an Exhaustion Gap. If bullion starts to correct, this
sector will come down. Likewise stock market weakness is likely
in the coming days, which also can create down side pressure
in this sector.
- I have a core of GDX that I will not
sell. Longer term Gold and Gold Stocks, in my view, are going
much, much higher.
- There has been a tremendous run in this
sector. A correction can begin at any time. For that matter,
it could have started with heavy distribution as of this week.
- Follow a proven strategy. Use the re
buy program for profits already taken and wait for the Surge
System when putting new money to work. It may be tempting but
do not chase price, period.
KEY CHART #4: SILVER
Super Force Silver Stocks Analysis:
- There is a Surge Index100 Sell Signal
as of Sept 17th for SILVER.
- This is the Max Sell Signal on Silver.
In a rough stock market Silver will likely take a hit. It is
- Volume is telling this week. The Volume
Thursday, Oct.7th was the largest volume since the move began
on a down day. We'll have to see how this plays out.
- Again, this is an asset that I hold
a large core position in and one likely going much higher in
the long term.
- In the shorter term Silver is seriously
overbought and profits need to be booked on trading positions.
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Proprietary SURGE index SIGNALS:
Index Buy or 25 Surge Index Sell: Solid Power.
50 Surge Index Buy or 50 Surge Index Sell: Stronger Power.
75 Surge Index Buy or 75 Surge Index Sell: Maximum Power.
100 Surge Index Buy or 100 Surge Index Sell: "Over The Top"
Stay alert for our surge signals, sent by email to subscribers,
for both the daily charts on Super Force Signals at www.superforcesignals.com and for the 60 minute
charts at www.superforce60.com
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Executive Editor, Macro Risk Manager.
Morris Hubbartt: Chief Market Analyst, Trading Risk Specialist.
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Oct 11, 2010