Some Gold Miner charts

SLV Gap Fill

Silver filled the gap from last week.  A break of this line gets me defensive, if not I am maintaining my positions.

Nice Bounce on IOC.

IOC looks like a nice bounce on the channel, and up and over the 13 and 65 EMA's.  Let's see if it just settles or continues to run.

Dollar is Still the Key For Me

A bit of a weird day for me, The midday silver sell off in sympathy with oil, was a head scratcher, and my AEM, GDX, and GG positions getting hit hard was no fun (GDXJ was OK though).  To top it off, I have a long dated put position on CMG, although still profitable was painful to watch, all with a chest cold.  Such is life in this business.

But, I do not know what imbalances or repositioning happened today, so I keep my cue on the dollar to guide me.  The dollar looks like it is still contra trending, and crawling up the underside of the 90 day LR band (chart one).  I will reduce position size if my line on chart two is violated.

On the plus side Natural gas is stirring, and Uranium is still beating to its own drum, although they look a little stretched.

Timberline Add-To

My first buy stop hit at $1.13, now initiating a buy stop at the next trendline.

First Majestic is Glorious.

I owned this stock from the pink sheet days, and since moving move to the big board, it has done very well, breaking out again today.  Watch for others making the move from the pinks.

ATI - A quickie short

I searched hard to find any weakness to short, but ATI is one I will short below the rising trendline for a $1-2 dollar move.  If it bounces off that line, I am going long when it rebreaks the 20 EMA.

I am leaning pretty long, and the charts all look too conveniently bullish, this makes me nervous.