Charts: Gold, Uranium, Silver and some other stocks

In honour of Victoria Day, I have done a detailed review of the major stocks and sectors I follow.

My summary: I still believe in “sell in May and go away”, so I’m not planning to be fully invested any time soon. I plan to pick up bargains over the next two to three months, so that I am well positioned for the expected fall run. Of course an old wives’ tale like “sell in May and go away” should not form the basis for an investing strategy, but it does serve as guidepost. (Most of the gains in the stock market over the last hundred years have been during the period from November through April; the May to October period has been largely flat). To see if it does make sense, I’ve looked at a lot of charts.

So, for your reading pleasure, here are the links:

• my commentary from Saturday on Agnico Eagle and the long weekend;
• charts of non-precious metals stocks, including Research in Motion, Connacher Oil & Gas, Polaris Geothermal, and Western Wind Energy;
• charts of uranium stocks, that are still in down trends, but we may be approaching buy points;
• some thoughts on silver stocks (I’m still waiting for confirmation of the bottom); and
• Gold: I’m not chasing gold stocks, but I will be buying during the weak period over the summer.

Should I be cautious, or is it full steam ahead? Please post your thoughts on the Buy High Sell Higher Forum, and we’ll see what happens from here.