Category Archives: Stocks

Sold 3 PAA.TO 10DEC Puts 25.00 @ $2.25, Mark $24.62, Loss 0.3%

Pan America Silver Corp. (PAA.TO) is making another run to test the short term high. Seeing that the volume is relatively higher on this test of $24.80 resistance (Figure 1) and that I have lowered my mental stop to $24.30, I have ditched this short position at a small loss at 10 am today.  I [...]
Posted in Stocks | Tagged exit, gold, Mining, PAA.TO, RRSP | Leave a comment

Bought 200 K.TO @ $15.94

Update Aug 13: I got stopped out at $15.80 for small loss. Precious metals and the miners are holding well in today’s 30 point drop in S&P (WSJ article).  In particular, gold just made a higher low (Figure 1) and AUD/USD is holding 0.8900 somewhat.  As such, I’ve lowered my mental stop on the PAA.TO [...]
Posted in Stocks | Tagged entry, gold, Mining, RRSP | Leave a comment

Bought 3 PAA.TO 10DEC Puts 25.00 @ $2.27, Mark $24.75

US Dollar looks oversold (Figure 1).  Of the few commodities that I follow, silver looks to be weakest (Figure 2).  Thus, I look for a short based on silver.  I chose Pan America Silver Corp. (PAA.TO) because it looks to be the weakest of the silver miners (Figure 3). In particular, referring to Figure 3, [...]
Posted in Stocks | Tagged entry, Mining, options, RRSP, silver | 1 Comment

Sold 250 VEN.TO @ $7.89, Profit +2.4%

Ventana Gold Corp (VEN.TO) is testing its resistance at $8.00 corresponding to a 38% retracement level from the mid-June dive (Figure 1).  Furthermore, gold is tracing an inverse cup-and-handle with a resistance at $1170 (Figure 2).  So rather than wait and see if VEN can break upward, I decided to book my profit and watch [...]
Posted in Stocks | Tagged exit, gold, Mining, RRSP, VEN.TO | Leave a comment

Bought 250 VEN.TO @ $6.93

I’m long Ventana Gold Corp. (VEN.TO), a junior gold mining company. Here’s a look at gold (Figure 1) and the junior gold mining company index (GDXJ, Figure 2). Both figures are from Finviz. The reason why I picked VEN in particular is related to this article in June.  Ventana Gold raises $20 million in private [...]
Posted in Stocks | Tagged entry, gold, Mining, RRSP | Leave a comment

Sold 140 LLL.TO@ $40.00, Breakeven

Update at Noon:  Looks like I am wrong.  LLL.TO is testing its recent high at $40.50.  However, volume is rather low up to now. I’m out my Lululemon (LLL.TO) position because of market softness. Bonds (TLT) are holding a support level. EUR/USD is struggling to hold above 1.27. And the oversea markets (Asia and Europe) [...]
Posted in Stocks | Tagged Consumer Goods, exit, LLL.TO, RRSP | Leave a comment