Last year I traded CRDC for a quick 45% profit and I believe it may be offering such an opportunity here again as it attempts a breakout from a bullish triangle formation.  This is a highly volatile, speculative swing trade so play accordingly and please do your own research.

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The following is analysis provided by TheCorrectCall.com exclusive to readers of SelfInvestors.  I completely agree with this analysis.  Breaking of bullish wedge formations/downtrends are taking place in the Gold & Silver ETFs.  Great post!

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In our daily screens of stock charts exhibiting positive and negative MACD crossovers, The Correct Call recognized a trend too large to ignore. Our heads turned when we saw at least 25% of the upside candidates were Gold/Silver stocks and ETFs. As we have noted many times before, we are big believers in confirmation. When we see a disproportionate number of companies in the same sector all presenting the same "buy signal", we feel it is safe to say something is happening.

In these turbulent times it nice to find some water in the desert.

Investors worried about mounting losses can possibly stem the tide by adding Gold to their portfolio. According to a study titled "Is Gold a Hedge or a Safe Haven? An Analysis of Stocks, Bonds and Gold" by Dirk G. Baur and Brian M. Lucey, gold is an "ideal venue to park money during periods of uncertainty." Their analysis found that in the US, Gold and stock returns are negatively correlated and that Gold acts as a hedge at all times. That means when stocks go down, Gold usually goes up.

That's good news for investors.

All of the Gold/Silver stock & ETF charts we reviewed look this iShares COMEX Gold Trust (IAU). Each has roughly a 6 week narrow trading range with yesterday's MACD breakout.

Conservative investors should buy IAU, streetTRACKS Gold Trust (GLD) or iShares Silver Trust (SLV).

More aggressive investors might consider owning individual stocks or DB Gold Double Long ETN (DGP). DGP's objective is to give its owners twice the return of Gold's price changes. That means if Gold moves up 5%, investors can expect see a return of 10%.

The precious metal stocks with charts pointing the way up include:

Barrick Gold Corp. (ABX) Apollo Gold Corp. (AGT) Pan American Silver Corp. (PAAS)

If we have made The Correct Call, we would expect investors to profit by 10% or more in the next 3-to-6 months owning Gold/Silver stocks and ETFs. (double that for DGP.)

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I'm gonna keep it real short this week and stick to the meat and potatoes of the technicals.  After all, it is Father's Day and the US Open is winding down..   Hope you're all enjoying a little BBQ.  The market continued to deteriorate last week with distribution still going on, but this market is due for some kind of short term oversold bounce as indicated by stochastics.  Of course no indicator is perfect by itself and stochastics can remain in oversold territory for quite awhile, but the odds are there for a bit of a spike next week.  However, bears are still in control and outside of some short term trading opportunities on the long side, it's probably best for most people to sit on the sidelines for a bit longer.  Keep an eye out for a rally in the indices to test resistance levels (Nasdaq - 200dma, Dow and S&P - 50 day moving averages). 

::: Model Portfolio :::

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::: Best/Worst Performers :::

- Top 10 Performing Industries For the Week -

1. Investment Brokerage: 5.35%
2. Major Airlines: 4.45%
3. Regional Airlines: 4.35%
4. Home Improvement Stores: 3.95%
5. Investment Brokerage: 3.90%
6. Appliances: 3.80%
7. Electronic Stores:  3.80%
8. Education & Training Services: 3.75%
9. Machine Tools & Accessories: 3.75%
10. Security Software & Services: 3.70%

- Top 10 Worst Performing Industries For the Week -

1. Beverages - Soft Drinks: -4.75%
2. Banks - Midwest: -1.75%
3. Farm Products: -1.55%
4. Banks - SE: -1.50%
5. Meat Products: -1.40%
6. Medical Practitioners: -1.35%
7. Beverages- Brewers: -.95%
8. Banks - Pacific: -.85%
9. Banks - Mid Atlantic: -.85%
10. Cigarettes: -.60%

- Top 5 Best Performing ETFs For the Week -

1. Ishares Broker/Dealers (IAI) 5.70% 
2. Japan Small Cap (JOF) 5.60%
3. SPDR  Metals & Mining (XME) 3.70%
4. Ishares Home Construction (ITB) 3.35%
5. HLDRS Semis (SMH) 3.30%

- Worst 5 Performing ETF's -

1. KBW Banking (KRE) -1.90%
2. US Oil Fund (USO) -1.90%
3. Asa Limited Gold (ASA) -1.70%
4. US Natural Gas (UNG)  -1.30%
5. iShares Commodities (GSG) -1.20%

::: Upcoming Economic Reports (6/16/2008- 6/20/2008) :::

Monday:        NY Empire State Index, Net Foreign Purchases
Tuesday:       Building Permits, PPI, Housing Starts, Capacity Utilization, Industrial Production
Wednesday:  Crude Inventories
Thursday:      Initial Claims, Leading Indicators, Philly Fed
Friday:           None

::: Earnings I'm Watching This Week :::

Monday:
Adobe Systems (ADBE), Lehman Bros (LEH), Titan Machinery (TITN)

Tuesday:
Goldman Sachs (GS)

Wednesday:
Casella Waste Systems (CWST), FedEx (FDX), Lindsay Corp (LNN)

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