Boyz Still Active - DOW Bear - Silver Strong - The Lord Strongest

First, I want to present to you our star performer of the last few days and weeks. Hecla Mining (HL) is doing very well. It climbed from about the middle of March and is up again. You can see the trading range of about 1.80 to 2.22. Now it has broken out of that. I lost a few shares at a nice profit yesterday when my percentage trailing stop was momentarily hit. By the way, I now use only day orders for trailing stops (rather good until canceled), because the boyz are generally actively pushing the prices down at NY opening each morning. As the prices are recovering from their hammering, I put in the trailing stop. That avoids a sale from the temporary action of the boyz the following morning. That I did yesterday and saved a good bit of profit when the stop was hit later in the day.
The action of silver in recent weeks has been to hold stronger or run faster than gold. This is true again today.
Gold was really hammered at the NY opening today. That is a repeat of yesterday's action. However, it seems to be recovering quite well. Gold is at 893.80 and silver 12.80 with both on up ticks. The rebounding of gold seems fairly substantial. The DOW is up about 3 to 7925 and seems to be moving upward now.
The miners are moving upward and having surpassed their 200 MA are approaching their 50 MA. That speaks well for them. Here are my traders: DROOY 7.06; HL 2.38; HMY 9.22, and VGZ 2.11. By the way SLW (Silver Wheaton Corp) has been strong and is 8.25 now. I bought DROOY below 7 this week and missed HMY below 9. Both have been a bit slower than HL & VGZ in recent days.
We are still trying to determine if the recent rally amounts to a change in the long term bear trend of the general market. It seems that we are in a bear rally, but the market will reveal the truth before too long. In the mean time, the long term trend of the dollar is down and the long term trend of precious metals and miners remains upward. I will still be buying on dips in the precious metals and miners and will be using some trailing stops (day trades) to protect profit in some, not all of the shares of each trading stock.

As always, we must trust in the Lord and His care for the results He gives us in every activity of life. After all, it is He who has created us and we are the sheep of His pasture. Thus, He knows our needs and concerns even before we perceive them. Knowing this, we can rest safely in His providential care and love. The covenantal people of His are always secure in the long run and He never chastises or tests us beyond what we are able to endure. Praise Him daily.

Gold is 890.20 and silver 12.76 as this is closed.

Best to each, Doug