6 Gold and Mining Stocks to Watch

Even with the market in a frenzy, gold is still in demand. Especially now that the Feds cut rates by 75bp, you can expect the trend to continue. I have claimed GLD to be my true love in the past because of its supreme run, and this is just one example of a solid play on gold.

With that said, here are 6 different stocks that are involved in gold, or gold and silver mining that should be on your watch close watch list.

Goldcorp, GG Stock is looking quite juicy right now at just above $35 a share, with the stock hitting a high last week of $39.94. If the 50 day moving average can start to uptrend again, watch out. As of this post GG stock rests at $35.06.

GG Stock Chart, Click to View

Barrick Gold Corp, ABX stock has strong exposure internationally and mines gold alongside copper. The stock has found fantastic support recently at $45 which has to have the bulls happy, and is seeing short term resistance around $50. As of this post ABX stock is trading at a last of $48.10.

ABX Stock Chart, Click to View

Randgold Resources, GOLD stock is a play on gold in Africa. The stock has had a fantastic run since early September running from $25 all the way to $45, and as of this post lies at $43.27.

GOLD Stock Chart, Click to View

Kinross Gold, KGC stock has moved nicely as well since early September, and just yesterday the stock found great support at $19 and its 50 day moving average. KGC is a buy above $21.50 and easily has potential to move up to $25 if Gold stocks overall continue to press higher. As of this post KFC sits at $20.20

KGC Stock Chart, Click to View

Buenaventura Comp, BVN stock has seemed to find support at its 50 day moving average, but has fallen under key support area $60 which makes me skeptical. Last week the stock peaked out near $71, and as of this post is at a last of $58.32.

BVN Stock Chart, Click to View

Last but not least everyone has to know about the Streettracks Gold Trust, GLD ETF. $86 is the key level here for the bulls and this ETF has been a favorite since it was trading in the low $70s. Look for intraday resistance between $88 and $90. GLD as of this post is at a last of $87.89.

GLD ETF Chart, Click to View

7 Great Stocks to Short with the Market Heading Down

Looking for stocks to short? Well, this list is for you.

With the market so volatile to the downside there are many easy plays that can yield you quick profits. The overall trend right now is bearish, so play the downside and you have a good shot at being a winner. The smart investor is always the successful investor.

Baidu.com (BIDU) Stock, $230

This stock was a great short candidate first with the move below $262.43, and again with the move below the 200 MA below $248.30. A key entry now would be with a pullback to the 200 MA, with a great cover price being $268.10.

Amazon.com (AMZN) Stock, $68.49

I shorted Amazon at $72 yesterday, current stop at $74.25. The stock was technically first a short with the fall below $73.37, then again with the fall below $72. My target for AMZN is $60.

Apple (AAPL) Stock, $122

Apple was a short yesterday with the fall below $126. The stock was trading horizontally and the fall to new multi month lows suggests lower prices yet to come.

Blue Coast Systems (BCSI) Stock, $23.59

Three short points on BCSI, first the fall below $26, then the fall below $23.87, and next coming up a fall back below $22. Look for strong distribution volume to confirm the trend.

Garmin (GRMN) Stock, $63.41

As I am watching GRMN intraday live the stock has pulled above $66.23 which signals it has begun to fill the gap range from February 5th. Technically making this stock a buy with target price of $71. On the short side look for a fall below $61.82 to make for a great entry.

Mercadolibre (MELI) Stock, $33.95

I liked MELI first with the fall below $40 which came with good distribution volume. Volume has been drying out now this week and the stock should see lower prices to come. Look for heavy volume to lead the way.

Humana (HUM) Stock, $73.18

What a great short entry this made yesterday with the fall below $75.57. MELI is currently trading down another few points today, and should test its 200 MA (or $69 - $70) in the near future.

Extra Notes: When shorting, look for small quick gains, not sizable long positions. If any short yields 20%, immediately sell and walk away. Limit your upside exposure to no more than 3 - 5%. A stock that has been heavily sold off can easily jump back up in price quickly.

Philippine stock market lost 9% in January 2008

If you placed money in the Philippine stock market from the beginning of January this year, you would have already lost 9% by now. That translates to a million pesos worth only P910,000 as of January 31.

That is based on the performance of the Philippine Stock Exchange index (PSEi), a basket of 30 listed common stocks representing the overall movement of market prices and the general state of the Philippine economy.

On January 31, the PSEi closed at 3,294.08, down 9.04% compared to its original level at the start of the year. Badly hit were the Mining and Oil sector which lost 15.12% and the Holding Firms sector which declined in value by 14.74%.

The PSEi lost 9% of its value in January 2008 alone.