46 replies to this topic

[skott]

HUI is up 28% since my June 2nd NEM comments.  Gold has passed 1400 tonite as high as 1415.

[skott]

No one believes how big this will be. I'm fine with that. Corrections will come and go. The Bull reigns for now. 6 months?  1 year, 2 years, 10 years? I don't know. I'll adapt as time passes.

[skott]

I think I already mentioned this but gold miner prices should at least double from present levels, so HUI is now 190. It should go to at least 380. This set up about as perfectly as is possible. I'm already up 70% since December.

[gannman]

fwiw i have gld starting a wave 3 around the end of may . so we have a very very long way to go imo

 

my minimum target  for gdxj is 70 probably 75 is more realistic

[gannman]

@tsharp  i think that move  in gld from dec 2015 

 

to july 2016 was wave i of this 5th wave.  everything from 

 

july 2016 to may 2019 was wave ii and we are now in wave iii

 

 its acting like a wave iii so far

[skott]

70 yes, 100 possible. 180 possible

[An Ant]

Skott,

 

Great call on NDX. It almost reached even outside outside target of 7800. Still think it's going to 6000 or that is now negated and it's going to break-out from here?

 

Thanks

[skott]

I really don't know. almost all my time and energy is in the Mining sector. 

[skott]

In addition to my 118% long positions most of which will achieve long term cap gains treatment, this bull market should yield several low risk short term gain opportunities to make 50% in a few weeks time using JNUG. JNUG is a 3XETF deteriorates with time in a sideways or down market so timing must be good.  Why should I bother with the stock market when I can do that in addition to the 100% + gains I'll achieve on my long term positions. Just keep an eye on IRVRF for an example of good gains to come.

[tradesurfer]

I am having a hard time assembling a top 5 list of the best mining stocks or ETFS to go long in.

 

SILJ

SAND

ASUS

AXU

AG

 

if you guys have a better list please share