RE: UK Stocks - Watchlist and Discussion
Hi all, the precious metals miners have gotten off to a good start this year, like they did last year, although the move this year looks a lot more promising.
Below are the best looking stocks in my PM watch list at the moment. There is the odd one or two I have missed out but I will look to add those in the coming weeks.
One of the main miners on LSE and one of the leaders in this sector at the moment (along with FRES).
CEY - at 3 year highs
HGM - at key resistance level
GDP - great base/bowl pattern and move into stage
TSG - Another great base over 2 years and blasted off like a rocket! Low liquidity which therefore moves this stock (I bought this back at 96p when I didn't really know what on earth I was doing).
SHG - Stage 1 still forming on this. If gold stays good, this break out into stage 2 could come sooner rather than later.
PGD - Maybe hasn't been in a stage 1 for long enough. Technical look good though.
I may put a few more up at the end of the week. Lets see how this week plays out. 1180-1200 is a key level for gold. The stocks haven't retraced too badly considering that gold is a bit of its reach spike high.