Thursday, January 5, 2012

Toro on GORO

GORO has had a 30% run since the October lows, and with this impulse we are now in a positive longer term accumulation on this stock.  My recommendation is to let the stochastics reset and start accumulating.

I have trimmed my miner positions back down to a core as I see a retracement coming (divergent Stochastics) and overall low volume up in the market.

Once the market takes some profits here I will be heavy in my miners again, along with my energy plays.  Comment if you want a take on any particular stock in the hard asset space.

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