Official Short-term Investments Thread

[SilverRex]

gdx

after gdx putting in 5 waves up, so far we have a 3 wave correction which implies, there is still hope that miners can make a move towards 25-28 this summer so long the correction does not break or close below 22.

https://s14.postimg.org/axh7xr0c1/gdx_06-28-2017.png

[SilverRex]

ibb

the short term weakness for biotech held up. as long as ibb does not break below 297, the next big move should yet be another higher high >322. I may join the fun if price can come below 310 so the stop under 297 can offer a better risk/reward ratio

https://s9.postimg.org/xm4nqm4pb/ibb_06-28-2017.png

[SilverRex]

oil

the last big picture on oil I was expecting a bottom between 40-42, we came within pennies to 42 and I had taken the plunge with a position in bte.to at 2.89, so far so good. oil has broken out of the down channel which was only a matter of time. I will set my stop on bte and just see this position could turn into something if the view is correct with oil still wanting a date and hit 60-70 before the next crash to new lows.

bte has 5 waves up from the bottom which is a good sign as well.

https://s13.postimg.org/8htp1mwx3/oil_07-28-2017.png

[Disoblige]

gdx
after gdx putting in 5 waves up, so far we have a 3 wave correction which implies, there is still hope that miners can make a move towards 25-28 this summer so long the correction does not break or close below 22.

GDX bounce is strong. :thumbsup:

[asp integra]

oil

the last big picture on oil I was expecting a bottom between 40-42, we came within pennies to 42 and I had taken the plunge with a position in bte.to at 2.89, so far so good. oil has broken out of the down channel which was only a matter of time. I will set my stop on bte and just see this position could turn into something if the view is correct with oil still wanting a date and hit 60-70 before the next crash to new lows.

bte has 5 waves up from the bottom which is a good sign as well.

https://s13.postimg.org/8htp1mwx3/oil_07-28-2017.png

Think we are going to see 60+ oil any time soon? What are your estimates?

[SilverRex]

gdx update #2

looks like gdx found support just shy of 22.15 this morning. very possible our wave (c) of (ii) bottom is in. this offers a very good risk reward setup. the next time gdx crosses above 22.85 should trigger an extremely bullish breakout.

https://s11.postimg.org/fpn3722b7/gdx_06-28-2017_B.png

[SilverRex]

fcx

with copper finally breaking out I really need to see fcx make a strong trending move. if this is wave 3 of 3 in progress, fcx should begin to launch without breaking below 12.00 or risk alt count back down to under 11.70

https://s3.postimg.org/q7g6vojgz/fcx_06-29-2017.png

[SilverRex]

oil

after oil breaking out of the down channel for multiple weeks, my mental line in the sand is oil must hold above 43.00, my bte.to position is up a good 14% so I will use that as my mental stop and see how far she can go. oil also produced a weekly swing so this should be a good technical signal that would draw in more bulls

https://s23.postimg.org/yz43i6hcb/oil_06-29-2017.png

[SilverRex]

gdx

count wise, miners have fulfilled all waves to the penny. if there is a rally this summer. gdx must reverse here around 22 or this will induce a pretty bearish momentum to the downside.

https://s23.postimg.org/h3ladz1uz/gdx_06-29-2017.png

[zhao]

zinc prices continue to climb. There is a strike situation pending in peru threatening about 10% of the world's production of zinc (as well as other major metals), but that also comes at a time when zinc stockpiles are falling like crazy on their own. 12 million or so tons of zinc mined and sold per year, with a stockpile on the london metal exchange of about 0.3 million tons translates in to any major disruption in production and we could see zinc prices skyrocket even more than i've been banking on (I largely think the short supply is fake, or at least not as real as it is on paper, but that in itself is irrelevant as the reason for the artificial short supply is to drive zinc prices up and the companies behind that are not going to screw themselves over the moment the short supply starts to come in to play for affecting zinc prices).

I figure this week TV could be in for another 5%+ increase in stock price.

As for other metals, I would say for the next 6 months a lot of boring metals should going up in value as there is a lot of drying up of stockpiles, and that means any mining stock actually producing metal should be seeing increased profits and share prices going up.

I've liked zinc the most, and TV is almost a pure play zinc producer, which is why I picked it.

[SilverRex]

gold

just wanted to talk about the significance of gold's 6 year down trend line breakout. technically this is extremely bullish however it may still need to hold above this breakout (red line) for a few more days or even close the week above this for a better confirmation.

the only caution is that this breakout isnt on huge volume and miners continues to lag which is a concern. if we see price dropping back below the trendline then this is an extremely reverse weakness at hand and the weak summer doldrums will begin.

however if this is 'the' signal, then i would like to see price continue to make higher highs and at least reach or challenge the peak of the election night before topping. We may still get our typical summer weakness but it will be in the form of an expected correction and the back test (blue arrows) will then become possibly one of the best buying areas for the coming 8-10 months.

example would be the DOW breakout back in early 2016 when it too broke a similar significant down trendline, backtest and never looked back.

update: gold is challenging or backtesting the breakout trendline now. if this is a real breakout price needs to hold and make a strong reversal otherwise this could be a pretty big bull trap.

personally I have a mental support at 1258.8 if gold breaks this then it will be an extremely bearish case for the coming months.

https://s14.postimg.org/cy5k4idu9/gold_06-08-2017.png

looks like gold was never able to confirm reversal to take out 1260, and gdx broke the critical 22 support. I will now just stick to the original expectation that gold is fully in summer weakness right down to a August low. I may even scale back my position a little during all bounces and wait for a better long entry.

[Magic8Ball]

looks like gold was never able to confirm reversal to take out 1260, and gdx broke the critical 22 support. I will now just stick to the original expectation that gold is fully in summer weakness right down to a August low. I may even scale back my position a little during all bounces and wait for a better long entry.

In respect to FCX and Gold...they would likely be considered more of a Copper play, But would you consider scaling back your holdings with them in light of what you are anticipating for weakness in Gold?

[meeiu]

Should see a nice pop on crude with the API draw numbers. :clap:

[SilverRex]

In respect to FCX and Gold...they would likely be considered more of a Copper play, But would you consider scaling back your holdings with them in light of what you are anticipating for weakness in Gold?

my holding in fcx is small compare to my gold holdings so I will not do anything. as for gold I did scale back about 30%. either gold completely reverses and start invalidating key areas to the upside or a drop under 1200 would have me start to re-enter.

[SilverRex]

bte

5 waves up and 3 waves down. I would like to think bte is ready to make a higher move hopefully the inventory will support this notion

update: inventory draw heldup, so far so good. I want to see oil support hold above 45.75 or momentum will dissipate and make this recent rally corrective

https://s21.postimg.org/4spt1hrc7/bte_07-06-2017.png

[SilverRex]

oil broke 45.75 and became a corrective rally with price making a move under previous low of 44.51. now I need to see oil make a bottom here at 44. continuous closing below 44 would be another indication something else isnt right for the entire 42-47 rally. as long as oil can make a stand here at 44. the recent rally remains valid for continuation

again 44 needs to hold if oil is to produce an A=C correction of the 42-47 rally

https://s10.postimg.org/auett6h0p/oil_07-07-2017.png

[SilverRex]

fcx

last chart I was expected fcx to come back and retest 11.70, it got pretty darn close. with price now breaking the down neckline and closing above 12.00, it is very possible wave 2 is done an wave 3 in progress.

https://s9.postimg.org/5rqxmi4vj/fcx_07-10-2017.png

[SilverRex]

ibb

biotech, ever since it hit a wave (iii) top and with an extreme bullish sentiment, the correction was imminent. I suspect the initial thrust down to 310 was only wave a down. wave b topped around 316. and we are now in the final wave c down. with a mini head and shoulder target pointing towards 304. I think a good risk/reward entry would be the 300-304 box. if it gets there I will be planning to try some leverage with a tight stop under 297. if price breaks 297 then technically a bigger consolidation pattern may be at play.

https://s18.postimg.org/pjlmctwvt/ibb_07-10-2017.png

[SilverRex]

dollar

here is my dollar expectation. ever since it topped in the 103 range and started a declining wedge. I was expecting price to break down and so far so good. I want to see one more thrust lower into the 94-95 area due to the mini head and shoulder breakdown from inside the wedge. then we should see a multi-month dollar rally (stock market correction?) which should build into a massive right shoulder. this will be the final grind for gold which could scare many away. but I think the gold sector will have it's moment at the end of the year or early next year when everything will go up together.

https://s11.postimg.org/z2oygmbab/dollar_07-10-2017.png

[SilverRex]

gold

the sentiment on gold is pretty negative right now, the extreme is nearly at levels similar to the major low that occur back in late 2015, early 2016. COT has also finally turned bullish as large specs are throwing in the towel. would this cause a turn? regardless of a trend I think gold is ready for a good multi week bounce. a good solid green reversal hammer was formed on the daily along with a swing low. as long as the low inst broken to the down side I think next move is up

https://s11.postimg.org/y7cbmz5r7/gold_07-11-2017.png

[SilverRex]

oil

moment of truth is here for oil. expecting this is an ABC correction. was hoping oil would not break 44 but it did, it will need to show its hand today and unless it can breakout above the heavy resistance area of 45, the implication could be bearish making oil simply just backtesting the previous broken up channel line then oil will most likely retest the 42 area, and may even break it and head to the next buy zone between 39-40

https://s18.postimg.org/y6lkybmnt/oil_07-11-2017.png

[SilverRex]

gdx

ever since gdx broke 22, was pretty bearish. but depending on what it does here, miners could very well in a very large 5 pt ABCDE consolidation. with price now trying to complete wave E. with the short term breakout yesterday, price has perfectly backtested the neckline. if the 5 wave down move is completed. buying needs to pick up here and start making higher highs

https://s14.postimg.org/6qj0ey2s1/gdx_07-11-2017.png

[zhao]

update on the stocks i'm in/following.

TV.tsx: Insider trading towards the end of last week hurt the momentum of the stock and it stagnated and fell after only seeing maybe a 3% gain.. after i figured it would go another 5% last week. We saw it dip back to 1.22 for a millisecond this week as well. However, zinc prices remained high and are back on the rise and TV hit a new short term high today of 1.32 hitting the price I thought it would last week before the insider sell off (dunno why there was a sell off, but i figure it was people exercising options or something that doesn't really matter, not a sign they are bailing on the stock).

Supply is still going down, zinc is still going up, but its no longer at the point I want to buy more as as far as I'm concerned it is no longer a no brainer purchase at current prices. I'm holding what I have for now as there is a chance it will hover around this price for summer, and then start to go up in the fall. I also think there is a chance of a zinc correction making this stock fall in to the low 1.20s or even teens, making it a perfect re-entry point. I think if that is going to happen it is going to be before sept. I'm watching zinc prices pretty closely all day waiting for that to happen to liquidate my shares. If I pull out at a good price and it dips to the teens again I'm likely going to go in pretty heavy on this stock.



marajuana I have a feeling is going to fall shortly. I haven't double checked but we are due for some reports soon, and i think they aren't going to be very good, and we'll likely see the stock prices take a hit, making that potentially a good time to enter. I've pretty much written off WEED as a company I want to own. APH is who I like the best, and ACB is an acceptable runner up IMO.

[SilverRex]

oil

so oil was able to break above 45 which means the ABC correction so far is holding up very well.. with this breakout, oil should now begin a new cycle eventually breaking above 47.28, it is currently getting held back by the reverse 61% fib level of the 47-43 down move which is bear's last major resistance area before they throw in the towel. if oil can take out 45.89, more oil shorts will cover causing further upside.

so far it looks like we only have 3 waves up. so until oil can break above 45.89, the major support is oil needs to stay above 44.83 to maintain this outlook

https://s3.postimg.org/le17f2x6b/oil_07-12-2017.png

[SilverRex]

gold

as I was suspecting the daily reversal hammer is bullish for gold, at least for the short term anyways. price manage to not make new lows and a inverted h&s pattern suggest price will at least test 1228. with price having to overlap the previous wave (i) this morning, I suspect we are in a 1-2, 1-2 setup so support imo is 1212.51, as long as we remain above this, gold should continue to be strong imo

https://s17.postimg.org/noyxmlzcv/gold_07-12-2017.png

[SilverRex]

copper

copper is readying for another attempt to break above 2.7, I hope it does, breaking above 2.7 would invalidate a bearish case and would open up new highs and I think fcx would greatly benefit from this hence having a shot at revisiting the high 13s

[SilverRex]

mux.to

came across another mining stock from another forum. From the sharing, I was told this stock has one of the cleanest count showing the move off the low in 2016 is in fact impulsive which confirms a new bull market era has begun. the current correction is now in wave (c) being underway. and if this is a A=C move, down side scenario would be some where in the 2.8-2.9 area which happens to be the 61% retracement. I will be planning to build a position over the coming weeks/months starting with the next dip. the next rally which will be the one you want to partake in, will no doubt take price way above 6.50. a typical wave (3) would normally move more than wave (1) which would give a target of at least 12 dollars, and this is just being conservative.

https://s12.postimg.org/le8v3svil/mux_07-12-2017.png

[littledan]

Good tip on MUX, I will check it out.

Anyone have thoughts on DVA? I'm thinking about investing but if I am reading the cash flow statement right they only have about 3 quarters before they burn all of their cash. Let me know your thoughts guys.

http://www.delivracorp.com/wp-content/uploads/2015/11/FS-31-Mar-2017-Final.pdf

[asp integra]

Do you plan on buying MUX under 3? Where is your buy price at?

[SilverRex]

Do you plan on buying MUX under 3? Where is your buy price at?

I opened 1 position at 3.38 today, and will use a 3 position strategy with the next one near 3.00 and last position if we see 2.8

[zhao]

i was pretty wrong about APH/ACB, at least in the short term. APH went apeshit today for a 14% spike. I figured they'd be due to go down on boring progress reports.

anyway, TV also spiked heavily today due to major volume trading. Its risky, but I sold everything today near the end of the day (probably should have only sold half, but i dont like doing that) because I think it was overbought and went up too much too fast and we might see a small correction in the next day or 2. I also think any stagnation or downturn in zinc prices that is prolonged in the short term and the speculators will probably start selling causing it to start heading downward. Ideally I hope it drops to the mid 1.25s and if so I'm going back in, and even harder than before.

If tv leaves me in the dust, i'm considering day trading painted pony with the money from TV. Painted pony is one of those stocks that has been fluctuating a fair bit daily, almost like clockwork, making it pretty tempting to daytrade.

[SilverRex]

gdx

right now gdx.only has 3 waves up and has overlapped the previous wave 1. unless this is a 1-2, 1-2, gdx.must bottom here at 21.56 otherwise we could be looking at this being just another corrective bounce follow by retest of recent lows or new lows. get back above 22 and the excitement.mounts once again

https://s1.postimg.org/52n6eqk4f/gdx_07-13-2017.png

[SilverRex]

oil

so far oil still 3 waves up also imo and remains bullish imo as it hasnt taken out the 44.83 support area. the next breakout over the neckline (red) would be Ro4, would like to see price breakout complete the 5th wave then a 3 wave correction backtesting the breakout neckline before a more powerful rally

https://s4.postimg.org/nk8k41ubx/oil_07-13-2017.png

[asp integra]

I jumped on the MUX bandwagon with you at 3.30, lookin forward to seeing where it goes. What have you set your sell price at?

[SilverRex]

I jumped on the MUX bandwagon with you at 3.30, lookin forward to seeing where it goes. What have you set your sell price at?


my stop or target price. right now I dont set any given it is relatively small comparing to my over all portfolio. This will be one that I will hold for MT to LT

[zhao]

I'm going to go back in to TV.tsx monday or tuesday most likely regardless of what happens. The stock price has stagnated a bit, zinc prices have fallen just over 4 cents from TV's high, and volume was pretty low today, so I think since today was friday it was a wait and see day for many. Monday/tuesday depending how many speculators are in the stock right now (traditionally pretty heavy) the stock is either going to fall and I will re-enter, or it's going to likely hold it's price meaning the speculators are not afraid of it stagnating and zinc prices falling (every time that has happened before in the last few months the stock has fallen).

There are basically two camps on what this stock is going to do. 1) Go down to 1.25-1.30 briefly and then go up. 2) Stay the same and then go up.

I also freed up some more cash to go in harder when I do re-enter. the zinc drawdown is basically picking up as well, which is why I think this may be the last fluctuation of this stock to re-enter before it makes another big upward motion. Basically following stockpiles shit has started to hit the fan a bit, and it may go nuts soon.

79429

[SilverRex]

copper

copper is readying for another attempt to break above 2.7, I hope it does, breaking above 2.7 would invalidate a bearish case and would open up new highs and I think fcx would greatly benefit from this hence having a shot at revisiting the high 13s

so copper confirmed breakout above 2.7 and fcx has also making some strong moves. might take some profit off the table if gfx gets into the high 13s

[SilverRex]

oil

so the breakout over the neckline and completed wave 5 follow by a backtest of the line is moving along right on schedule. based on the ih&s at play here oil should be able to reach into the 48s.

but if the correction isnt done and oil struggles to make a new high, then breaking under 46.2 would keep oil in another abc move perhaps testing the neckline once more.

the same 44.83 is the larger support to which if broken should tell us we are still in some sort of larger abc flat heading back to 43s.

https://s22.postimg.org/64ppwg9c1/oil_07-18-2017.png

[SilverRex]

miners breakout

a bullish implication across most miners. if price continues on up I would imagine this will draw some attention.

I would also like to see the gdx to gld ratio breakout from the multi month long compression.

for silver, I once mention anything under 16 would be a screaming buy, after the panic sell off last week, has the best opportunity to pickup silver on the low came and gone? we are at an inflection point where if the trend for this sector is down or remains down, price has to top here. the further it advances from here, the more significance of a major moves on the horizon.

https://s17.postimg.org/gays4d1zj/breakout_07-18-2017.png

[Mostwanted]

Anyone got in at EFN this morning? Got a good small profit from it today! Never seen a Penny stock continually go rise up like that :)

[SilverRex]

gdx

previous I mention gold/silver is at an inflection point. if the trend is down, this is the place shorts will all jump on board. while initially rally for gold was due to the collapse in the US dollar, the action in this sector isnt quite exciting. so looking at gdx, a bearish setup would imply an typical 3 wave corrective pattern A=C and would be confirmed if price breaks 22 support to the down side. in order for PMs to be bullish, it needs to punch higher

https://s22.postimg.org/81med5fox/gdx_07-20-2017.png

[zhao]

Tv finally went down, 2 days after I figured. I held out an extra day but I rebought a position end of day yesterday, have another bid order if it falls to 1.25 today which I think it may hit tomorrow, and if it falls to 1.20 or less I'll probably buy 2 more positions.

I still think 1.5 is pretty much guaranteed for this stock and 1.7 is very likely

[SilverRex]

oil

despite oil is holding up for a good couple of weeks. Negative divergence has been spotted. short term wise, I think oil could be weak. it will have to get back above 46.80 to regain that bullish momentum. Again was 42 oil the bottom? one scenario is that it is possible oil can suddenly make a new low still similar to what happen all year long every rally has been corrective only to be sold off to a new low. however medium term wise 2-6 months out, I still think this entire structure being corrective and that oil still has a date above 55. which means, any good entry in oil is a great entry for holding medium term.

https://s23.postimg.org/vumoh1s57/oil_07-21-2017.png

[zhao]

TV: I bought another position on Friday. It didn't hit my 1.25 target I thought it might get to (technically it hit it 1.25, but so quickly and with so little volume my bid order wasn't filled at that price) but came pretty close to that at 1.26.

I'm not totally sure what zinc will do in the next few days, but my opinion is prices are likely to start climbing again. Zinc prices rallied on friday and moved upwards a fair bit. stockpiles went down again. The production report released was fairly neutral (some bad, some good), but nothing surprising. Most everything on friday after early morning was a market order to purchase as well. That's why I think it is unlikely the stock will fall lower than 1.25ish right now. sentiment from those trading this stock is the shorts that sold in the mid 1.30s are rebuying now and things look good for upward motion again with the info we have currently on whats going on with zinc.

As for the next month: Next report is about a month away (financials on aug 9, and with the production known there is unlikely to be any surprises there), so there should be nothing crazy affecting this stock until then. Zinc production was lower than estimated in peru and Canada (they have a new mine working out some problems), but their newly acquired African miles are humming. I dont think anything too crazy is going to happen in the next month. I'll be surprised if the stock doesn't go back to 1.3x, but I'll also be surprised if it breaks 1.40 in august.

As for the next quarter or 2: There is a big deal that was committed to months ago that will be finalizing the acquiring of both african mines. Production there is already attributed to TV, but the final closure of the deal should help the stock in everyone's minds by this company officially becoming one of the top 10 zinc producers. Zinc prices are projected to continue to climb. At the current rate of drawdown shit should hit the fan with stockpiles during the next 2 quarters so zinc prices skyrocketing is a strong possibility. I think the lowest positive current estimate puts it at about 1.40 per pound, some saying 1.55 per pound may be seen, so while zinc prices go up, official production @ TV is also going to go way up, meaning Q3 profits should be looking very good compared to Q2 and Q1, and Q4 should be good as well confirming that Q3 isn't just a one off. That should translate in to a healthy stock price increase (which explains why analysts have been predicting anywhere between 1.70 to $3 for this stock price in the next 9 months.

The negative I see: China is using up about 40%+ of the world's zinc production right now. Basically the reason zinc is going up in value is because of China, and reports on their economy have been somewhat mixed lately. Currently things still seem to be going well there, but if there is a crash, or a downturn, or a recession or whatever, its going to affect zinc demand pretty heavily.

As for how i see myself trading this: I'm in it for the next 6-9 months or so as long as it keeps looking like its on a upward trend. I predict if it hits a stock price of around 1.50 like a lot are predicting it will in sept/oct that will be another prime time to short it as i think that will be a mental point for a lot of people to panic sell on any tiny dip in zinc prices because this stock traditionally has a lot of people with their thumb on the sell/buy trigger speculating it will go up/down. I'll rebuy again after a few days like this current dip from high 1.3s to mid 1.2s, and like I should have done with the last dip from 1.20 to mid 1.00s, and like i did with the dip before that from 1.20 to high 1.00s. It seems this stock since end the end of winter is a bit of a yoyo on a month+ timeline and I figure that will continue as long as it continues to slowly go up and up.

Right now my long term plan is to exit with half my shares around 1.70 (if it ever hits that), and hang on with my other remaining shares to see where it goes in to the unknown.

[SilverRex]

kgc

havent posted kgc for a while but this one has more a a bullish setup then other stocks. to me, it looks like a cup within a cup pattern. with kgc now breaking its first handle and the projection should help kgc retest its 2016 previous high. and then we should see another consolidation before yet another breakout pointing to 8-9 dollars. EW count wise, I do believe it is in a 1-2 1- 2.

https://s12.postimg.org/on8uzlcv1/kgc_cup_within_a_cup.png

[SilverRex]

ibb

it never got to my personal buy zone of 307, but it did fulfill the correction by diving below 310 a couple of times. none the less biotech is back making new highs. Not going to chase, will look for the next medium term pull back for opportunity.

copper

look like the bull flag breakout continues. with copper now breaking Feb high this year, we will not have to see if this is a double top or can it run away. Hopefully a strong copper price and rising oil price will finally solidify fcx and begin some good trending move.

update. looks like fcx is breaking out in full force. selling 1/3 of my fcx holding here.

[Vanish3d]

fcx is flying. tempted to get out now with a 20% profit...but I'd like to see it in the 20's

[SilverRex]

fcx

it has been a long home coming for fcx. the wave (ii) bottoming was a painful grind, but we finally had the volume breakout and wave sub iii is in progress. This still bolds one of the best looking 1-2, 1-2 charts if you like copper. I hear Teck is another one with a clean count if you like to diversify.

at this point I only expect fcx continues to have momentum to complete 5 waves up off the low. hopefully it will challenge the 17 area shortly, I will be looking to take profit in around that area in anticipation of a larger ABC wave 2 pull back to re-enter. medium to longer target remains in the 20s. once we get there we will see how the dice rolls since one can argue 20 is just the beginning or it could also mark a top depending on how the stock market is at the time. which is another convergence target I like to use for exiting regardless of trend.

https://s3.postimg.org/gmgvn4asz/fcx_07-26-2017.png

[SilverRex]

copper

as you can see we now have a clear 5 waves up for copper which is bullish over all. since I am expecting copper is in it's final 5th wave up. the coming larger wave 2 correction (in red) would offer another change to exit and reload. this is the reason why I think fcx will give us opportunity to exit and buy back again. if we can time it just right.

https://s11.postimg.org/c2m61k0z7/copper_07-26-2017.png

[SilverRex]

oil/bte/meg

we have some major breakout moves happening in energy shares right now. my bte is not sitting to bad. though Meg has a way better performance shooting up 40+% off the low. if one had believed that it was just a matter of time for oil to find a bottom and begin an intermediate advance 50+ then one would just continue to accumulate.

I will just continue to hold and as long as oil does not break 46.80, next two target would be 50 and 52

[SilverRex]

ccj

if anyone recalls this chart, nothing has changed. it had a perfect 5 waves down to 9 dollar to which I picked up a position. and not only did it bottom perfectly but now a breakout has occurred possibly sub iii of v in progress

https://s4.postimg.org/hi1jvjbtp/ccj_07-27-2017.png

[SilverRex]

bte

unfortunately I didnt pick up Meg during energy shares looking for a bottom as Meg has nearly jumped 50% off the low. the reason was that bte chart looked more bullish and I knew Meg was going to break a new 52 week low but was surprised it turned out to be a double bottom instead.

since I do expect oil to break above 55 in the next few months, I am also expect energy shares to begin giving us favorable returns. starting with bte retesting the upper down channel just under 4 dollars.

https://s11.postimg.org/myx9k0ok3/bte_07-27-2017.png

[SilverRex]

Meg.to is on fire. 68.5% in 3 weeks.

anyhow I will be on vacation 2 of the next 3 weeks. expect little to no posting. Good trading...

[jacky4566]

MEG 5.5! WAHOO! I've been stuck on Wild Bill's Wild ride from $7. Glad I held instead of cashing out at $4.

Anyone trading bitcoins? I was hoping for a crash below 2k to but they are just a resilient as always. We might even see 5k by the end of the year.

[Disoblige]

Gold 1269 support obtained. Looking good.

[max_boost]

so close to break even on aphria lol good run recently.

[zhao]

so close to break even on aphria lol good run recently.

I thought of you when I saw it's crazy rise in the last week. I was like lol, well now i dont want to buy it cuz I don't see the risk vs reward being in my favour, but at least Sam is going to get his money back.



My tv stock has been doing nicely for me as i've been following the waves up and down. I rebought at 1.27 a week ago?, it went up 10 cents, then it went down, and I bought again friday? at 1.28xxx, and now it's up again. i have yet to sell at any of the peaks (i always miss it by a few cents), but profit is profit and i'll probably end up selling again at 1.35ish banking on it going down and back up again. I'm probably not going to sell everything again though with a plan to rebuy as that is too stressful unless zinc prices take a nose dive.

I know on one of the boards i go there is a guy on a stock forum i frequent who said he's long on this stock, but has basically been day trading a small portion of his shares in it for 3 months and posted his portfolio history. He more than doubled his money on what he's been day trading, only miss-judging one time where he got out and back in for basically no loss.

[Disoblige]

5 minutes! May put a position in VII just for kicks haha.

[cloud7]

SMF.TO up 17% today. Too bad I don't own it anymore...

[Mostwanted]

SMF.TO up 17% today. Too bad I don't own it anymore...

Popped up on my screener, was a good run this morning! Sold early when it was consolidating at 3.00 didnt think it would run up to 3.05

[zhao]

my stuff i've been following has been pretty boring lately.

Pony.to: I liquidated a position out of pony when it climbed to $5, and thank god I did as it's fallen to $3.8x now. I still have 2400 shares in that, but its in my rrsp account which i use for investing long. Their future isn't looking so hot right now, but i think we'll find a bottom soon on that stock, and I expect it might rebound a lot at the next bit of good news they have. This is hugely over sold IMO and actually looking very good to me to jump in to big and ride a rebound in to the mid $4s.

TV: zinc is skyrocketing but the stock isn't following suit yet. IMO people were waiting for the earnings report, waiting to see if august floods the market with inventory (often happens in august but so far hasn't had any signs of happening this year), and are waiting for the company's deal/new shares to resolve. A lot of volume trading on the buy side in the last few days so obviously some people are saying screw waiting things out, and the stock is moving up in to the mid 1.30s again, but for the price of zinc it could be a lot higher. I'd say at the price zinc is currently this stock could hit 1.50s once people's fears are gone about all the short term little things up in the air. I'm all in with my tfsa on TV right now, and with tv on the rise, and pony on the major decline, i'm starting to get tempted to liquidate TV and jump in with half my tfsa or all in on pony as i think tv isn't going to take off for another month or so thx to the fear mongering. I'm still going to be surprised if it hits 1.40 this month... but it's now possible. I also think it is likely to take a dip again before sept, meaning there isn't much upside to holding it for the next month and I might be better off parking my money in something else that could randomly spring back 10%+. It's likely i'll be liquidating this temporarily if it gets close to 1.40.

CHR.to had quite the run lately, up to 8.10 a share. I think that stock is now priced at about what it should be.

RSI.to, I've been in and out of this one a couple times this year when it fallen close to $6, but I missed being in this one this time. It had a nice fall to $6 on some news sugar was a dying commodity a month ago or so, and it's been rebounding like crazy over the last couple weeks. up to $6.9x with a solid dividend to boot. too expensive now and i figure it'll start falling at some point soon.

still following everything else i was follwoing for the last months but i'm not touching any of it right now. Dope stocks i'd like to see a lot lower again before i touch them. There was a IPO on DOJA (another marajuana stock) today. I was watching it, but stayed away as I think the last dope IPO flopped out of the gate.



Following silverex's advice i've been watching MUX.to as well as something to buy in the future after my current stocks do what i'm hoping, run out of steam, or fail to materialize. From what I remember researching they're basically in-between mines now, and i'm expecting the price to fall a lot further than he predicted. IMO this one looks like a dangerous short term investment but going long this one does seem like it has some solid potential looking in to 2018/2019 and beyond.

I've also been watching NCU.to. It's a copper play out of nevada that's potentially starting to materialize. Risky, but very good potential if things work out. trading in the 0.50s right now, but projections are it could be in the $1.50ish range in about a year.
I've also been watching Min.to, which is another copper play out of arizona. It's already seen a lot of movement upwards on the price in the last few months, but projections on that are it probably still will double from it's current price.

[SilverRex]

took up my 2nd position on mux.to at 2.79, will leave 1 more entry if I see 2.5 or lower

oil

as long as oil does not break below 46.80, i am expecting this is just another correction with the next move retesting the upper down channel and previous swing high near 52

https://s28.postimg.org/scfbm78od/oil_08-11-2017.png

ccj

looks like a backtesting of the breakout trendline

https://s27.postimg.org/40oii97w3/ccj_08-11-2017.png

[Disoblige]

I couldn't help but notice UVXY the last time it spiked, so I started studying it and today was the perfect time to trade it.
It was already up 6% by the time it opened, and reached 14% before I was able to get in on the dip in low 33s. It went into the 32s even on the dip.
Now trading in the 35s and I have a trailing stop loss.

I may sell 35.50 and get back in on the dip again.

Still 3.5 more hours to scalp trade this guys :)

It helps I've been monitoring gold, dollar, SPY as well because the correlation is very nice to see and noticing the support and resistance levels to know when to get out or get back in.

Have fun.

Edit: I'm just increasing my trailing stop loss on this. Cost entry was 33.22. Now over 37.25, and I got in super late.

Man, this thing is insane.

Strictly day trade only, so this is getting sold for sure one way or another before the 2:00 pm MT.

[Disoblige]

38 :clap:

[kenny]

38 :clap:

It kept climbing right up until close! Hopefully you sold last minute. Good job :)

[Disoblige]

It kept climbing right up until close! Hopefully you sold last minute. Good job :)
Haha, unfortunately I sold at 38, but entry in 33s doesn't look too bad in the grand scheme of things.

Only had 700 shares, but still a good day nonetheless percentage wise.

[zhao]

This week was pretty awesome for me. Tv was slowly going up for the last week and was sitting at low 1.30s 2 days ago.

Tv hit 1.50 yesterday after China announced shutting down their mines for a month which caught everyone by surprise imo and put tv stock in to extreme over bought mode. I sold a little early when it hit 1.44 with half my stock, and this morning it started going down again, so I sold the remainder when it hit 1.43 and set a bid order at 1.38 with that money. I figured it go down to 1.37-1.39 today, and it barely hit 1.38 and had my order filled. It rebounded a bit so pretty happy nailing that price even though i think I could have waited to buy cheaper.

I still figure this stock will likely dip lower than it is currently. I'm hoping for low 1.30s again, but we'll see. Once sept hits and their deal is done I figure we should see it break the 52 week high. Im still skeptical of analysts claiming $2 a share, but I also didn't think zinc would hit an all time high so early and so hard. Maybe they'll turn out right but we'll see.

My tfsa is up about30% in the last 3 months thx to this stock

[dirtsniffer]

took up my 2nd position on mux.to at 2.79, will leave 1 more entry if I see 2.5 or lower

oil

as long as oil does not break below 46.80, i am expecting this is just another correction with the next move retesting the upper down channel and previous swing high near 52

https://s28.postimg.org/scfbm78od/oil_08-11-2017.png


oil opened at 46.80 and moved upwards a little, good things to come?

[SilverRex]

oil opened at 46.80 and moved upwards a little, good things to come?

oil is choppy but yes I still expect good things to come for oil. I suspect energy shares is close to finishing a major bottom. looking at Meg as it has a pretty impulsive count off the low is looking for a wave c of (ii) bottom, then the next major up leg should begin

https://s28.postimg.org/dqtx1k9p9/Meg_08-21-2017.png

[Disoblige]

Not that anyone cares, but worth looking at opposite on my plays last week starting tomorrow. Looking for entry in XIV (vs. UVXY) :)

[zhao]

I love reading what others are looking at or going in to, so i care lol.

On another note following painted pony (still have about 10g in it) that stock keeps taking hits this month, and I figure it's going to get close to $3.50 a share. I still think this company will potentially hit $6 this winter, and analysts are still predicting anything from $4.50 to over $12 (ha, GFL there) within the next year, so i think at even the current price of 3.70ish its a very attractive gamble. I think that stock could spring back in to the mid 4s any day as well with any good news.

[ExtraSlow]

I'd say painted pony is one of the most well run gas stocks.

[SilverRex]

fcx finally making a higher high wave v of 1 in progress. copper looking like it will be finishing 5 waves up and will soon be in correction. I want to see fcx get above 16 then back to 14 for a retest before the big move

[Disoblige]

Yum yum, fun days again today but with XIV. UVXY down 15%, XIV up pretty much all day. Too bad there isn't a 2x leverage version of XIV.
Being right is fun, just gotta try to stay grounded and be disciplined.

[Mostwanted]

Have been riding HBM for whole week now, great overall gains. As well with EFN, been loving Day Trading so far!

[Disoblige]

Haven't played leveraged gold miners for a while now, only GDXJ. Time for some JNUG!

[SilverRex]

usa.to

looks like this silver miner is first out of the gate while there isnt much action on my other holdings. usa.to breakout has been confirm and with a solid earning, it has nearly moved 50% in the last couple of weeks. This is a long term holding for me

natgas

natgas count has been in a wave 2 correction for some time. unless it can take out the trendline that started back in december, the downside risk pegs a retest back to the 2.5 area or slightly lower. shall a real breakout occur, this is also wave 3 move which I think the miners are in right now.

gold

gold may be due for a daily cycle pull back, but unless dollar bottoms, gold can just keep grinding higher.

fcx

copper is due to complete its 5 waves up so caution ahead in the short to medium term. I am still looking to remove another position if fcx can reach the 16 then look for a 13-14 buy back shall copper begins its ABC wave 2 correction that will essentially setup a even bigger move towards year end.

[SilverRex]

gold finally exploded. after clearing the 1300 area. As long as there is no intervention, looks like gold is in the clear and no major resistance until it retest the election night high in the 1330s.

[SilverRex]

gold

the sentiment on gold is pretty negative right now, the extreme is nearly at levels similar to the major low that occur back in late 2015, early 2016. COT has also finally turned bullish as large specs are throwing in the towel. would this cause a turn? regardless of a trend I think gold is ready for a good multi week bounce. a good solid green reversal hammer was formed on the daily along with a swing low. as long as the low inst broken to the down side I think next move is up

https://s11.postimg.org/y7cbmz5r7/gold_07-11-2017.png

just looking back to this chart in July. clearly gold has moved along the green path. Its nice to know that previous bottom indicator (reversal green hammer) continue to confirm trend change. obviously it was the combination of COT sentiment reversal in the same period.

now we will see how strong and where this rally goes. my holdings has been quite lack luster all year long. Truly a home coming for those that have the patience

[Disoblige]

gold finally exploded. after clearing the 1300 area. As long as there is no intervention, looks like gold is in the clear and no major resistance until it retest the election night high in the 1330s.
NUGT/JNUG ftw ;) :bigpimp:

Haven't played these in forever and luckily it looked good for entry last week.

[SilverRex]

during gold's weak summer doldrums, I picked up usau and mux.to along the way. mux.to so far text book bottom coming out of the A=C 2.8 area nicely. Fun times ahead if miners has struck an intermediate degree bottom in july. I an hoping this will be a bottom that will never get tested again.

it would be a concern if miners cant follow thru. Characteristic of wave 3 advance tends to gap up and move without giving anyone a chance to get in. The negative scenario is that gold makes a run towards 1400 and miners only able to retest this year's high and not last year's high. that would support miners still remaining in a larger corrective structure suggesting another big sell off.

[Disoblige]

it would be a concern if miners cant follow thru. Characteristic of wave 3 advance tends to gap up and move without giving anyone a chance to get in. The negative scenario is that gold makes a run towards 1400 and miners only able to retest this year's high and not last year's high. that would support miners still remaining in a larger corrective structure suggesting another big sell off.
Oh man, don't get people too excited. "Only" being to retest this year's high is already a high target. If it reaches anywhere near last year's high, I might as well retire.

If gold going to $1400 is a negative scenario, then I don't know what positive is :rofl:

[SilverRex]

clearly looking at the GLD fund, it has broken the multi-year down trendline. which is a significant signal and confirmation that the bottom in 2015 was legit.

the gdx/gld ratio also has a similar chart which means, going forward, miners should begin to out perform gold.

https://s26.postimg.org/6b4qfmurt/gld_08-28-2017.png

[Disoblige]

LMAO. What a great day for gold miners, and then Korea launches a missile now. JNUG just went up 70 cents AH.

Expect a nice gap up tomorrow. Thanks, I guess?

Let's see what happens to gold when it opens again soon.

[SilverRex]

US dollar

breaking below last year's low. cycle counter would suggest this is a failed cycle and I think the US dollar may officially be in a bear market. Any rise even if it is significance would only be corrective

https://s26.postimg.org/wqx4brt8p/dollar_08-29-2017.png

[SilverRex]

gold

gold is now trading above the rising channel. It will need to remain above it to maintain momentum. It could consolidate and move much higher from here. Key is to watch the gap under 1313. if this does not provide the support, it can turn ugly fast by falling back into this channel.

If this is the real breakout move, I want to see gold keep grinding higher without giving anyone a good place for entry.

https://s26.postimg.org/57e8dxdjd/gold_08-29-2017.png

[ercchry]

Haven't made a trade in a while... was like "screw it, let's grab some miners" ...questrade has a whole different app now, and I accidentally grabbed some contracts that expire Friday... :cry:

Luckily, it's looking good that as long as this keeps up it should be a decent profit

[SilverRex]

mux.to

nearly 2 months ago posted a count on Mcewen mining. it has one of the cleanest chart to date. began accumulating. now I have two position at the lower end of this buy zone. The rally off the 2.8 area is so far text book. With gold now rallying/breaking out. hopefully we will now see some big moves. This correction/consolidation lasted a full year. micro count, it may be in a sub 3 of 5 of 1

https://s26.postimg.org/pnzt9rhe1/mux_08-29-2017.png

[SilverRex]

surprisingly gold gave back all the gains today.

however, clearly miners are leading and performing well. despite gold in red, miners are slightly up. I dont think miners are dead unless it closes below 24, until then, it looks like a breakout and back testing now in a consolidating wedge pattern

tomorrow should be key where she goes

https://s26.postimg.org/lj7a6td55/gdx_08-29-2017.png

[zhao]

As far as i'm concerned base metal miners should be rocking it for awhile now. 6 months more is my prediction, and they should do hold steady for awhile after that.

My reasoning is record profits are going to be had in the next 2 quarters for anyone producing. I also think certain base metals should hold strong for the next 2-3 years, zinc in particular. Mines take awhile to come online and unless something crazy happens in the world, such as the Chinese economy heads into a huge recession, or trump bombs Cuba for giving him a 2 star rating on yelp, these companies should continue to make great profits for awhile thx to crazy demand vs limited supply. That said, I think all the heavy action in the stock is right now, and I plan to get out in winter unless things take longer to develop, or look better than I expect.

I think precious metals will probably have a good run well in to next year too. MUX had a hell of a run this week so far, but its back down, and I expect it to fall more in the future. They need to solve their depleting end of life mine problem, which they will, but right now it's killing their stock... but also making it a great buy for the future even if you aren't looking to take advantage of the heavy swings its seeing for short term trading. I will not be surprised if it falls back under 2.80 again though. I'm fully loaded back up in TV today and will probably hold TV for awhile now (their deal should close any day now, and the stock will do interesting things one way or another from that. i'm thinking positive things), but PONY and MUX were my backups and as long as those 2 stay cheap its looking like it'll be one of those I load up heavily in to next.

[SilverRex]

gold

bigger picture. implication of a 300 dollar move if gold can break above 1350 and confirm the invert h&s pattern breakout. until then I still want to see gold challenge this area in the 1340-50 and completing a short term top, consolidate and retest 1300 as 1300 needs to become the ultimate mental and technical barrier for how ever many times this has been tested in the last 3 years.

https://s26.postimg.org/hnajbu2fd/gold_08-30-2017.png

[SilverRex]

silver

after silver breakout and overcoming the 17.10 area neckline, I think silver is in a mild correction. silver needs to breakout but it also looks like it is consolidating and potential downside risk for a small breakdown could point to a back test in the 17-17.30 zone. which imo would be an excellent entry point before the next rally

https://s26.postimg.org/90bkmf9op/silver_08-30-2017.png

[SilverRex]

I dont have any leverage in the metal sector but if gdx/gdxj drops 2% from current level I may open one

[SilverRex]

gdxj

after 5 waves up off the 33.46 low, I am looking for a low risk setup in the blue box. would like to see the lower end of the box if price can reach it. a stop below 33.40 would be ideal as the chart would be quite bearish in that situation making a stop necessary.

update: opening one position in gdxj (Jnug) under 35. will open one more if it hits the 34.4 area. stops under 33.4

https://s26.postimg.org/5gyto3lqh/gdxj_08-30-2017.png

[SilverRex]

natgas

with winter months on the horizon, Natgas may be on the cusp of a major move upwards. it will need to breakout from the neckline that started all the way back in late 2016. downside risk if price takes out 2.8 is a retest or slightly lower wave (c) alt count under 2.5, but I am leaning towards an upside breakout

https://s26.postimg.org/hkmiumqbt/natgas_08-30-2017.png

[SilverRex]

US dollar

looking at the US dollar again, even though there is a nice reversal candle as well as possible positive divergence, I think US dollar has one more lower low to go. the sloping neckline appears to be the magnet for dollar during each major sell off.

If the US dollar does make one final thrust down to complete a new bear market wave 1 low. then this should push gold to test the upper wedge line and election night high of 1340-1350 area. which would be the ideal short term top.

https://s26.postimg.org/h2vysiq4p/dollar_08-30-2017.png

[ExtraSlow]

Invest in Ford. Extra hundred thousand trucks gonna be sold this year in Texas and ford has the largest market share.

[SilverRex]

usa.to

started buying this during last years miner correction in the 2.88 area. doubled up when price made a correction in the 3.6 area. Now it is breaking out. I have been reading alot of great things in this company where the company can remain profitable with their high grade Zinc and lead Ore without ramping up their silver reserve until silver price moves much higher. This will be a longer term hold for me. They had performed a reverse split early in the year and did it perfectly.

https://s26.postimg.org/94oooe6kp/usa.to_08-30-2017.png

[SilverRex]

Gold

after gold was unable to find support under 1313, the short term implication push it down further and a backtest of 1300 (1297.83 to be exact) wasnt expecting the back test of the 1300 to be so soon, but it came and went. Would love to see the 1300 being the support here for gold to launch higher. I want to see gold at least retest the election night high near 1337 before topping. Even if gold did top (DCH daily cycle high) any good pull back is to be viewed as a correction (opportunity)

fcx/copper

looks like copper may have just topped. perhaps one more micro wave higher but I think fcx already topped and show exhaustion. Didnt quite hit the 16 area for me to take more profits off the table. Its fine, I can ride this wave 2 down. Once copper finishes it's wave 2 correction, the next move in fcx would be much much larger.

natgas

natgas is on the cusp of a major breakout, but keep in mind cycle and seasonal charting suggest a low on sept 7. So we will see if natgas may still have a slightly lower drop coming. any drop from now until sept 7 will also be a great buying zone imo

[SilverRex]

usa.to is ripping it....

natgas may be breaking out now.