GORO could go from $5 to $20 again Longer Term.
10/16/2016: Many Stocks are near All Time Highs, and may not see these highs again for years, once we go into our next recession.
Most of the Gold Miners have recently pulled back down to the Green Line… GORO is a Mining Leader, and it holding up even better.
GORO and the Miners are Cheap relative the Highs in 2011… GORO could be waiting on the Green Line to push it back up to $25! (see chart above) How many decades will it take Home Depot or Boeing to Triple from these levels?
We emailed that NTAP would probably get a Money Wave Buy today, as the Indicator was at 22 at the time of the Intra-day email post. The Money Wave Closed at 18, so there was no Signal after all (probably tomorrow).
If you bought it, please place your Sell Stop Loss under the Swing Low of $33.29.
The Strongest Leaders below have corrected down near their Red Lines (50-day avgs.) so we should have a decent Market bounce soon. The Leaders should go back up and re-test their Highs.
Alert! Market Risk Medium (Yellow Zone). The probability of successful Short Term Trades is lower, when the S&P 500 is Way Above the Green Line. Even the Strongest Funds can get chopped up. Either take quick gains from Money Wave Pops, or STAY IN CASH & WAIT for a larger correction.