In Time to Add a Gold Stock – But Which One? I said:
It’s getting time to add a gold stock to the Seasonal Forecaster portfolio. But which one?
I used Seasonal Analysis to pick the best gold stock candidate, since most gold mining and royalty stocks had similar fundamentals (poor) and technical setups (improving charts) at the time. I didn’t identify the specific gold stock at the time, but my charts showed one gold stock had a strong seasonal pattern:
This stock has averaged a 14.4% gain over the next 13 weeks, with gains in 11 out of 13 years, an 85% success rate:
The stock I was referring to was Randgold Resources (GOLD). At the close of June 16th, Randgold’s stock chart looked like:
But to raise the odds of success even more, I stated in the newsletter that I was waiting for a specific setup to enter a new position in GOLD. That was hit on June 26th, and the next morning I added the stock to the portfolio.
We didn’t have to wait 13 weeks to see a gain here.
The GOLD position in the Seasonal Forecaster newsletter portfolio is already up 11.1%. While most gold stocks rose over the past few weeks, Seasonal Analysis pointed me towards the gold stock institutions have shown strong interest in this time of year. It’s my way of putting the odds in my favor. Once again, it is working.
Of course, there’s much more you need to know and many more stocks you can capitalize upon each and every day. To find out more, please click on the following link: www.markettamer.com/seasonal
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Gregg Harris is the Chief Technical Strategist at MarketTamer.com.
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