HUI is up 28% since my June 2nd NEM comments. Gold has passed 1400 tonite as high as 1415.
An Epic NEW Bull market is about to begin. Has already begun
#21
Posted 20 June 2019 - 10:01 PM
#22
Posted 21 June 2019 - 01:37 PM
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.
#23
Posted 21 June 2019 - 02:51 PM
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.
#24
Posted 21 June 2019 - 06:56 PM
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
#25
Posted 21 June 2019 - 07:11 PM
@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
#26
Posted 21 June 2019 - 09:45 PM
#27
Posted 22 June 2019 - 08:31 AM
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
#28
Posted 22 June 2019 - 12:28 PM
I really don't know. almost all my time and energy is in the Mining sector.
#29
Posted 22 June 2019 - 02:35 PM
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.
#30
Posted 22 June 2019 - 02:49 PM
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