CHART SIGNALS & ANALYSIS
(2 months of time, 30 minute bars)
Sprout Seniors Vibe

Dev Cheekock (Sprout)
email: dev@goldsproutprofits.com
Sep 12, 2011

The Seniors Vibe is bottom-line analysis of the larger capitalization securities I use for trading and long term positioning.

GDX-NYSE (Senior & Intermediate Gold Stocks)

Click on the link to see your GDX buy and sell zones on my chart.

Price Range. My projected range for your next 5 trading days is $60 to $70.

In my model portfolio for subscribers, my GDX holding is now 3.36% of the total portfolio, which is moderate.

RSI. The current reading for GDX is 45.00. The RSI is now in a falling trend. In terms of valuation, the RSI is currently in a relatively neutral area.

Bollinger Bands. The current price of $65.80 GDX is near the middle Bollinger band. Bollinger band analysis indicates that buyers are likely to dominate near the $59- $62 price area, and sellers near $65- $69.

Volume. Big buy volume should come into play near $50 and big sell volume near $70.

Sprouticator. This is my proprietary buying and selling power oscillator. It is a ratio of the buying and selling volume of large commercial traders, filtered against the change in price from the last minor low or high point. A minor low or high occurs every 1 to 3 weeks in the market. A low reading indicates powerful commercial buying in play, and a high reading indicates powerful commercial selling. I use a blue Sprouticator for buying, and a red one for selling. My Sprouticators oscillate between 1 and 10. The current reading of 2 red for GDX indicates light selling by professionals.

GDX Technical Summary: The price is relatively neutral. I would like you to work in the $60 to $70 range that I project for the next 5 trading days.

The Bottom Line: Accumulators and traders should buy GDX around $59- $62. Traders should sell around $65- $69, while accumulators with a long term focus do not sell at any price.

***

FXF-NYSE (Swiss Franc ETF)

Click on the link to see key FXF buy and sell zones on my chart.

Price Range. My projected range for your next 5 trading days is $110 to $120. In my model portfolio for subscribers, my FXF holding is now 3.25% of the total portfolio, which is relatively moderate.

RSI. The current reading for FXF is 30.50. The RSI is now in a rising trend. In terms of valuation, the RSI is currently in a relatively low area.

Bollinger Bands. The current price of $111.90 for FXF is near the lower Bollinger band. Bollinger band analysis indicates that buyers are likely to dominate near the $110- $115 price area, and sellers near $120- $125.

Volume. Big buy volume should come into play near $100 and big sell volume near $140

Sprouticator. The current reading of 3 blue for FXF indicates light buying by professionals.

FXF Technical Summary: The price is relatively low. I would like you to work in the $110 to $120 range that I project for the next 5 trading days.

Immediate Action: Accumulators and traders should buy FXF around $110- $115. Traders should sell around $120- $125. Accumulators should hold everything you buy. This could be a very big score, for both traders and accumulators. I expect FXF to recover all the way to the 140 price zone in time.

***

XLE-NYSE (Large Energy Stocks)

Click on the link to see your key XLE price action points on my chart.

Price Range. My projected range for your next 5 trading days is $62 to $72. In my model portfolio for subscribers, my XLE holding is now 3.56% of the total portfolio, which is aggressive.

RSI. The current reading for XLE is 35.49. The RSI is now in a falling trend. In terms of valuation, the RSI is currently in a relatively low area.

Bollinger Bands. The current price of $64.89 for XLE is near the lower Bollinger band. Bollinger band analysis indicates that buyers are likely to dominate near the $60- $65 price area, and sellers near $70- $80.

Volume. Big buy volume should come into play near $60 and big sell volume near $80.

Sprouticator. The current reading of 2 blue for XLE indicates light buying by professionals.

XLE Technical Summary: Price is relatively low. I would like traders to work in the $62- $72 range that I project for the next 5 trading days.

Immediate Action: Accumulators and traders should buy XLE around $60- $65. Traders focus on selling at $70- $80, while accumulators with a long term focus do not sell this quality asset at any price, for a long time.

***

DBC-NYSE (General Commodities ETF)

Click on the link to see key DBC buy and sell zones on my chart.

Price Range. My projected range for your next 5 trading days is $29- $31. In my model portfolio for subscribers, my DBC holding is now 3.09% of the total portfolio, which is moderate.

RSI. The current reading for DBC is 27.11. The RSI is now in a falling trend. In terms of valuation, the RSI is currently in a relatively low area.

Bollinger Bands. The current price of $29.29 for DBC is near the lower Bollinger band. Bollinger band analysis indicates that buyers are likely to dominate near the $28.50- $29.50 price area, and sellers near $30.50- $31.50.

Volume. Big buy volume should come into play near $27 and big sell volume near $31.

Sprouticator. The current reading of 2 blue for DBC indicates light buying.

DBC Technical Summary: Price is relatively low. I would like you to work in the $29- $31 range that I project for the next 5 trading days.

Immediate action: Accumulators and traders should buy DBC around $28.50- $29.50. Traders sell around $30.50- $31.50, while accumulators with a long term focus do not sell at any price.

***

AEM-NYSE (Agnico Eagle)

Click on the link to see key AEM buy and sell zones on my chart.

Price Range. My projected range for your next 5 trading days is $65 to $75. In my model portfolio for subscribers, my AEM holding is now 3.09% of the total portfolio. A 3.09% holding for any holding is moderate.

RSI. The current reading for AEM is 49.60. The RSI is now in a rising trend. In terms of valuation, the RSI is currently in a relatively neutral area.

Bollinger Bands. The current price of $71.01 for AEM is near the middle Bollinger band. Bollinger band analysis indicates that buyers are likely to dominate near the $60- $65 price area, and sellers near $70- $75.

Volume. Big buy volume should come into play near $50 and big sell volume near $80.

Sprouticator. The current reading of 2 red for AEM indicates light selling by professionals.

AEM Technical Summary: The price is relatively moderate. I would like you to work in the $65 to $75 range that I project for the next 5 trading days.

Immediate action: Accumulators and traders should buy AEM around $60- $65. Traders should sell around $70- $75. Accumulators should hold all that you buy.

***

GG-NYSE (Goldcorp)

Click here to see key GG buy and sell zones on my chart.

Price Range. My projected range for your next 5 trading days is $52 to $59. In my model portfolio for subscribers, my GG holding is now a moderate 3.07% of the total portfolio.

RSI. The current reading for GG is 45.48. The RSI is now in a falling trend. In terms of valuation, the RSI is currently in a relatively neutral area.

Bollinger Bands. The current price of $55.27 for GG is near the middle Bollinger band. Bollinger band analysis indicates that buyers are likely to dominate near the $50- $53 price area, and sellers near $56- $59.

Volume. Big buy volume should come into play near $40 and big sell volume near $60.

Sprouticator. The current reading of 2 red for GG indicates light selling by professionals.

GG Technical Summary: Price is relatively neutral. I would like you to work in the $52- $59 range that I project for the next 5 trading days.

Immediate action: Accumulators and traders should buy GG around $50- $53. Traders should sell around $56- $59, while accumulators should hold on to everything they buy.

Today's Sprout Seniors Portfolio is now posted on my website. Make sure you check it every day. Next order of business is to place some trades!

Disclosure: I own shares in Agnico Eagle and Goldcorp.

###

Dev Cheekock (Sprout)

Monday October 17, 2011 For 321Gold readers: Email me at testdrive@goldsproutprofits.com and I'll send you my micro gold futures report and Bollinger bands report for gold and silver futures. The standard COMEX gold futures contract is 100 ounces. The mini contract is about 32 ounces. That is still fairly big if you want to be able to hold a number of contracts, in most cases. The recently-introduced micro contract is just 10 ounces, and could be a game changer for the retail investor. Dev Cheekock [Sprout] website: www.goldsproutprofits.com email: dev@goldsproutprofits.com Click here to subscribe to my service MODEL PORTFOLIO GOLD POSITION LIMITS Minimum long gold position size: 20 contracts (100oz per contract). Maximum long gold position size: 100 contracts Minimum short gold position size: 10 mini gold contracts (approx. 32 oz per contract) Maximum short gold position size: 100 mini gold contracts. MODEL PORTFOLIO SILVER POSITION LIMITS Minimum silver position size: 6 contracts (5000oz per contract). Maximum long silver position size: 30 contracts Minimum short silver position size: 10 mini silver contracts (approx. 1000 oz per contract) Maximum short silver position size: 50 mini silver contracts. For gold and silver, I never like to go below a net long gold position that is less than 30% of the net liquidation value of the portfolio. Risk/Disclaimer: No personal investment advice is given and all investors should understand that their minimum risk on anything bought is 100% loss of capital. No investment should be acted on without first consulting numerous licensed and experienced professional financial advisors. Nobody should ever invest more than they can afford to comfortably lose, in anything.

321gold Ltd