Doc Discusses Theralase from a Technical Standpoint
Click download link to listen on this device: Download Show
Remember this is not investment advice!
Monthly TLT chart
Weekly TLT chart
Daily TLT chart
Peter, the RSI of what chart—daily, weekly, or monthly?
WOW ! ! !
Thanks for this segment. Exactly what I was needing (plus more) ! ! !
Brian
That is what we are all about.
Remember, not investment advice!
Hi Doc – what do you think of todays action in gold? Still looking for a correction? If so, still seeing it down to around 1250?
DF; if we don’t have a pullback soon, then we may have to revisit 1250 again in a few weeks. That wouldn’t be too bad as long as the PM stocks which will run with gold basically hold their price gains.
Both TLT and AXU are selling for a little over half a buck. I think AXU will get to $10 first.
TLT is really more of a long term situation as we have stressed in the past.
BB, I just looked at the technicals of AXU—they’re very interesting. I should ask Cory to do a fundamental analysis of the company.
Doc, If you google “Denver Gold Forum 2014” you can hear the CEO of AXU give a 15 minute presentation about his company with slides.
I agree Bonzo. AXU popped as much as 38% since Friday’s low and this comment:
On January 16, 2015 at 7:47 am,
Matthew says:
I think it is being held back by mostly by the silver price. Once we get the bottom confirmed, I think it will go back to providing its usual leverage.
Remember that things always look the worst at the major lows and best at the major highs AND that markets are forward looking. So, despite investor jitters about all sorts of things (share offerings, SLW deal, etc.) I think we should focus on AXU’s current valuation based on what you expect from silver itself. If you don’t expect silver to do much anytime soon, then you might sell strength until you’re out. I DO expect a good enough showing from silver this year to continue to buy weakness or at least hold. As far as speculations in this space go, I do not consider it to be all that risky.
On Friday, I also said: “Next week could be very good for AXU and its peers.”
It is now up 11% since Monday’s open but was up 22%. It bodes well for the sector that silver is outperforming gold today.
Now the RepubloCons are talking about raising the tax on gas (and I’m sure diesel). Mr. Al Korloon, Aren’t you glad you have those freedom loving, small government, leave me alone, keep your hands out of my pocket RepubloCons controlling Congress?
http://www.sfgate.com/science/article/Odds-of-gas-tax-hike-grow-with-quiet-support-of-6025894.php
This is a perfect opportunity. Why not? They can blame oil gas companies later.
Was it you Lawrence who said the government was slipping a tax increase in just as prices were falling? We got it over here too. Seems the way of governments. Never let a good crisis go to waste. Especially when it comes to adding a fatter tax during a huge commodity price decline!
Something about a two headed snake, Bird?
Telling me Al. What a bunch of opportunists though. The rest of the world is still reeling in shock by how far crude fell but these guys are always on their game with the paperwork at the ready to institute new taxes. Now I really get it. These declines in oil were not about getting the Russians……they are all about squeezing the public for another nickel a liter!
Purely and simply, Ebolan, the answer is no to either side.
great show…
repubs same as demos… wall st owned & operated..no difference
Bonzo…. very cogent
Thanks, Sally. It will be an interesting horse race between TLT and AXU. AXU went up 7 cents today after I wrote.
Agreed Sally!
Do you know what, if I was an American and Donald Trump was a candidate for President I would vote for him, because at least he knows how to run a business. DT
TRUMP FOR PRESIDENT, I like that! DT
RUN DONALD RUN!
He has had three bankruptcies DT…..so you are correct. HE IS PERFECT FOR THE JOB!!
Okay Bird, he would make a great mayor of Toronto, then we could fashion a bobble head doll after him.
Bobble heads! Ha! I haven’t seen one of those damn things in years. Bet they would sell well to the folks running the Islamic State. And PEZ dispensers too.
goodmorning………..BIRD…………TRUMP should fit right in…………since America is BANKRUPT…., I would say he is well versed in getting out of bad deal…………………………lol……….j
I listened to this segment 3 times. This is a FANTASTIC way to not only understand how the specific TLT share price may change in the near future, but to REALLY learn about Technical Analysis.
If you could do this for a small set of stocks (Theralase, Claude, etc.) on a weekly basis (not all stocks every week, of course) I would be thrilled. Again a GREAT segment.
Brian
Speaking of Claude; have you seen the nice move in the stock since we began to cover it?
OMG…Richard is the guy behind the curtain!!
It’s 5:30 am – go to bed, Birdman
Its the crack of dawn in Nairobi, Brian. What the hell are you talking about? I’m heading out for breakfast.
Three slabs of pork, two eggs over easy, toast and marmalade with a big glass of OJ and the traditional hot coffee is 1.50 or thereabouts. What a bargain. Tip the girl in advance and she puts your order ahead of all the tourists and serves it up to perfection…….with a nice smile I might add!
I might have guessed you are pulling the levers. Maybe I better listen to your picks more closely!
Absolutely. I have all of my shares at this point; I averaged-in between 0.20 and 0.26 $US (closed @ 0.33 $US today). Claude and Theralase are 2 of my favorite holdings.
Brian
Brian, watch out for the target practice complete with smoke and mirrors, just saying! DT
$1306………..nice break thur……………and the game is on……………..j
So there’s the magic number. The ECB wants to inject 50 billion euro a month….about 700 billion USD this year in the European economy. And that’s what sent the Euro up. so I guess we got our answer at least for today.
Germans might have something to get excited about………….should be very interesting………………………j
PRETEND AND EXTEND…………………..
I see it as a Greek tragedy, let’s see how it plays out once the dust settles.
I agree bird 50 Billion MORE MORE MORE ECB ! long live free west !
There you have it bank of canada cuts rate..
Next up: negative interest rates. Thank god only the smartest people are elected to lead us. I shudder to think what would happen to us if we elected dumb individuals.
I think it is in the interest of Canada to lower the dollar. Otherwise Canadian natural resource economy is going to suffer dearly. I think this must be the intention of Canadian government However, strong US dolalr will hurt US economy and lead to higher trade deficit and exit of industry.
I said this before.If I am Canadian Prime Minister only way I can save the economy is to lower the Canadian dollar. Not a lot else I can do .
Also noticed that TLT.V seems to have resolved a nasty Head and Shoulders pattern that formed as it rose into the high 70’s. This pattern seems to have helped form a bottom for now. I own it and will add as things stabilize here.
To me, weekly charts are “just right” for most average investors and TLT has some good things going on.
http://stockcharts.com/h-sc/ui?s=TLT.V&p=W&yr=5&mn=3&dy=0&id=p10626249043&a=385810469
Disclosure: I do not own it.
DOC, what do you think of RSI indicator?