Official Short-term Investments Thread

[SilverRex]

usas (usa.to)

stepping back, the chart looks fantastic with a huge ihns pattern at play. A breakout above this neckline would put down a price target into the 8s. I want to see if it can produce a breakout above 4.50 on volume, then a backtest before launch.

[jacky4566]

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

Interesting thought. Was there any stock spikes from Hurricane Katrina?

[SilverRex]

NFP data comes out today. I think if it causes gold, natgas, oil to drop then it just creates another buying opportunity

update: interesting

NFP.156k vs 180k

gold positive, yet here comes the gold dump

[SilverRex]

natgas

as suspected. looks like natgas breakout is here.
manged to pick up a small position in the 2.8s (UGAZ) will see how she goes

[Disoblige]

Too bad markets are closed tomorrow. On track for 1360+
I am still very bullish on gold as I was since July.

[SilverRex]

bte

while oil count remains messy. energy shares looks pretty clean to me. BTE after 5 waves off the low, a steep wave 2 pull back, looks like wave 1 of (3) is in progress here.

[SilverRex]

fcx

copper is long over due for a correction. and fcx clearly isnt following it higher. a negative divergence has been spotted. so unless fcx can break a new high today which then could confirm an inverted h&s pattern targeting the 16-16.30, otherwise I am expecting wave c to begin shortly that should backtest the 13-14 area. the coming wave 3 rally after would be the one you want to me in

[SilverRex]

hopefully im not jinxing myself. next major resistance for miners is gdxj near 38 and gdx near 25.70. I will be planning to exit my jnug near that area and wait for a pull back

[Disoblige]

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hopefully im not jinxing myself. next major resistance for miners is gdxj near 38 and gdx near 25.70. I will be planning to exit my jnug near that area and wait for a pull back

I'm pretty much in the same boat. I'll sell my JNUG and re-enter again at that resistance.

I'm long GDXJ (~75% of portfolio in GDXJ since 32.36), and around 15% in JNUG (21.75 late entry as I was flip flopping around entering 3x leverage since most of my portfolio already in GDXJ).

I still think there is a lot more room to run, gold on track for ~1360+

Needless to say, I don't believe in diversity in trading


On a sidenote, I didn't play any UVXY today as I underestimated the market tanking as much as it did

[SilverRex]

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I'm pretty much in the same boat. I'll sell my JNUG and re-enter again at that resistance.

I'm long GDXJ (~75% of portfolio in GDXJ since 32.36), and around 15% in JNUG (21.75 late entry as I was flip flopping around entering 3x leverage since most of my portfolio already in GDXJ).

Needless to say, I don't believe in diversity in trading

wow, your even more invested than I am. I am mostly in individual mining stocks except for 5% in bte and 5% in natgas/gdxj leverage. With where things are, I am going to maintain minimal risk by not over exposing myself to leverage. (like I did in early 2016 with that amazing run). There is still the possibility that even if gold was to take out the previous high above 1375, it could remain in a larger corrective pattern pointing to a lower low. I want to ensure my setup can cover both scenarios. I will only dial up leverage if this entire sector was to somehow crash below this year's low.

[SilverRex]

gold

gold as suspected ever since it successfully closed above the all important and physiological 1300 level. It has since broke above the high during the election night. A significant development. the next major resistance imo will be the double cross resistance around 1350. I will be planning to take some profit around this area and anticipate a good daily cycle correction. Shall gold blow pass this area, well then its buckle up your seat belt. I will not repeat my previous mistake in 2016 by completely exiting all my position.

[Disoblige]

I hope there is more people here other than us 2 following this... I wouldn't mind taking a year off to travel the world

[littledan]

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I hope there is more people here other than us 2 following this... I wouldn't mind taking a year off to travel the world

You guys think JNUG is still a good entry @ ~25?

[SilverRex]

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You guys think JNUG is still a good entry @ ~25?

for me I think we are closer to a short term top then being near a bottom. depending on how your setup your trades. the only time you would consider entering is if you absolutely have no exposure to this sector. if you do, I would wait a bit unless you like using stops and dont mind getting stopped out. And even if you do want to get some skin in the game, I would start your position extremely small

[SilverRex]

mux.to

looks like mux managed to crack up a 5th wave higher. if the bottom is in, you want to see 5 waves up 3 waves down. and rinse and repeat amid in a larger degree swings.

[Disoblige]

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You guys think JNUG is still a good entry @ ~25?

I'd agree on the short term top for now. You probably should wait and see what happens as GDXJ gets to 38 and go from there for better risk/reward. Unless you want to scalp trade this with volume.

[littledan]

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I'd agree on the short term top for now. You probably should wait and see what happens as GDXJ gets to 38 and go from there for better risk/reward. Unless you want to scalp trade this with volume.

Awesome, great info guys.

Heads up, FIRE.VN may be on the way up here. Just received their sales licence from HC last month and signed a deal with Aurora to wholesale them MMJ. Closed @ 1.23 today.

[SilverRex]

gdx

countwise I think we are coming up to a sub micro 5th wave finish. yes it can still make a higher high but I am going to take my profit on Jnug after 20%+ run up. Sold 24.955. I will wait for a wave sub iv pull back that should be able to back test the previous trendline breakout as well as revisiting the previous wave 4 low. Since it looks like this wave 3 is extended, we should have multiple wave iv making it a bit choppy.

[Disoblige]

^^ You goofed SilverRex! lol. Short term target still 38 on GDXJ for my JNUG sell IMO. Just kidding though, securing profits is always a win.

Then I may sell entire GDXJ at 41 range. Then re-evaluate for new entry.

[SilverRex]

usas (usa.to)

while I think short term it is overbought. the big picture. with the clear neckline breakout. for starters I think it will at least make a run towards 8.00, I may increase my position sizes if it retest the neckline. Here is the kicker, this is one stock I will try to hold for the next 12-24 months. I keep hearing a lot of positive news suggesting this company will be on the verge of putting together a string of 40-50 cent profitable quarters. So far we have a camp of believers that projects the count upwards of 60-130 dollars. and technically it looks very solid.

will continue to review each move as she goes.