December 31st – The Finish Line
This was one of the worst years in many ways with Covid keeping us from being as close as we’d like to be with our Family, Friends and our normal life routines. That said, I’d also have to say that it was one of the best trading years that I have seen for a long time. Many stock picks went on to double and triple again and again. You may recall that it started after the sell off in March with Precious Metals and the Miners along with Biotech, and they now look to have ‘re-set ‘ with a multi-month consolidation, so why not start with Miners in this–your final report of the year.
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GOLD : I want to point out here that Gold is in a very Bullish pattern, but it has not broken out as of 5:30 A.M. Dec 31st (Eastern Time) . Notice the bull run after each of the past trend line breaks following an ICL. THAT should be what we see soon in 2021. So Gold is very Bullish.
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SILVER : As you can see, Silver broke the downtrend a while ago, and as I have been saying in my reports, I have been seeing more Bullish set ups in the Silver stocks and that is why I currently have only own Silvers Miners like AAGFF, CDE, EXK, HL, AXU, GPL.
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Important: I should mention that at an ICL I actually usually go “ALL IN” with Gold & Silver stocks and Leverage, but with Gold not breaking out and Gold stocks underperforming, I have been trading EV, SOLARS, CLEAN ENERGY, BIOTECH, etc with much better results at this point. When Gold breaks out I expect to see GOLD STOCKS play catch up and make great gains too! That may happen very soon, so now I want to discuss Miners…
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GDX – Please notice that GDX has not progressed very much and is still under the 50sma. This is fine and Bullish, but If you look at NEM, FNV, ticker GOLD (Barrick) etc, you’ll see why. They seriously lag at this point.
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GDXJ – Switch over to the Juniors and you see a break out finally stating to take place. We have been invested in Miners more heavily since November, so we know that this has been choppy progress, but at least we are seeing a break of the downtrend and GDXJ is already trading above the 50sma. This is Bullish and this is only the first daily cycle- A LOT OF UPSIDE Is still expected.
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SILJ – Now take a look at the Junior Silver ETF. It was up over 5% yesterday alone, and it is approaching the August IC highs. Look also at the volume and you can see that the Silvers juniors are ready to break out to new highs.
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With this review above, we can now discuss the Miners with my reason for focusing on mostly Silver Miners over the past few weeks. We also know that the Gold Miners should play catch out so the good news is that if you are ‘under invested’ in this sector, there is still time to buy lagging Miners as time goes on, and we will continue to increase the gains in our accounts. You’ll see that in the following section.
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ON DEC 15 AXU – I already recommended and owned CDE, EXK , and HL So this was a BUY for what I called a ‘Lagging AXU’ at the time. I said that I bought it as it pushed on the 50sma. This was also called a BUY & HOLD SWING TRADE out of an ICL as long as it moved higher.
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AXU – has bullishly climbed along the 8 ema and is also nearing prior highs, so you can see that it has been playing out bullishly. Even though these do get choppy at times, those sideways moves were good places to add if needed.
AXU was also pointed out as a Buy Because the BIG PICTURE shows that when it does break the August highs it can still double , triple, etc. so you can still buy any dips that come along if you are a longer term buyer for this IC (Intermediate Cycle run).
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GPL was also pointed out as a Lagger trading below the 50sma and it is STILL a buy as it continues to run to August highs. It broke above the 50sma and crawled sideways long that 50sma, but that doesn’t make it weak. The RSI is above 50% and it is building energy to push higher.
EXK – I showed the BIG PICTURE for EXK in April 2020. Look at this upside potential! $1.50 to $6 to reach the 2016 highs, and then even $13? That would be great and …
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EXK ran straight up to $4.75 after I posted that chart and we caught that move. I sold most of my Miners in August but Bought EXK in November and mentioned it here too. It just moved from $3 to $5 as of yesterday and looks to be on its way to $10+ as seen in that Big Picture chart. Read what I wrote on the chart, as Silver Miners are leading the way.
SILEF is a very small company that I bought long ago and mentioned here a few times. This was 6 cents in March and is now 34 cents. I am mentioning it again because it has consolidated for 5 months, but it really didn’t drop a lot as we dipped to the ICL ( Intermediate Cycle Low). This one has simply been a buy & hold since I entered it at a low price, but it popped 13% yesterday and closed above the 50sma. This may be ready to run, so I wanted to point it out as a buy.
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WHEN I BOUGHT SILEF it was a long large base and I just wanted to buy and hold and this big picture chart shows a good potential if the Bull Market takes it along for the ride. It is still only 33 cents as of yesterday.
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USAS could be considered as a lagger, but it is now forming a nice cup here with a series of higher lows. I would expect it to run to the Aug highs and then break out and run further. When I see a series of higher lows that are possibly bouncing off of the 10sma, it becomes a ‘buy the dips’- buying near the 10sma. If you don’t own it yet, a smaller starter position could be taken here and then add on the dips, because …
USAS WEEKLY – The Big Picture for USAS shows good potential as a large inverse H&S pattern is developing. That cup that is forming now on the daily is building the right shoulder.
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Now let’s look at a few Gold Stocks that may be starting to move
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DRD had a solid run in early 2020 and you can see that if it returns to 2020 highs, that would be a big move. Look what DRD did in June alone, $8 to $17 in 1 month! The way this one moves, it could easily double once Gold breaks out and the Gold stocks start running. It has already formed 2 higher lows here and is on the 8 ema ( or 10sma).
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SAND – Sandstorm Gold is a buy when it breaks out from this downtrend. It is oversold and should break higher when Gold does, so you may want to put this and others like it on your ‘watch list’. I will continue to cover Gold Miners as they strengthen.
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TRX popped 10% twice in the past 2 weeks. This looks like it is trying to break out so it could be bought here with a stop under the recent lows, or it could go on a watch list and buy a break out…
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TRX Again, it could be bought here with a stop under the recent lows, or it could go on a watch list and buy a break out. You can see that a run to 2020 highs is about a 75% gain, and then it could break even higher from there.
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VITFF ran like a gazelle in early 2020 from $3 to $16! I sold most of my Miners in August/September when I felt that the intermediate cycle peaked, and this is where I would think about re-buying. IF VITFF runs to 2020 highs, you get a 100% move . To be honest, this was very choppy and hard to ride, but you can see the results . It can be bought here or make a ‘watch list’ and buy it as it breaks from this wedge.
ONE NOTE ABOUT MINERS: I ALWAYS RECOMMEND A SMALL BASKET OF MINERS (unless you choose the safer ETFs) since there are risks. Any Miner can experience an earthquake, a flood, Government interference, etc and you minimize risk with a basket of 5-10 miners and position size. At times my favorite Miner will do what is known as a ‘public offering’ to raise money and the stock will drop to that bargain price that was negotiated, but now that these Miners are making money with a higher Gold Price-that may happen less often.
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BITCOIN : I mentioned days ago that I now had a $32,000 target. This cup & handle formed out of that consolidation. This cup & handle targets roughly $30,000, but $32,000 is targeted as a measured move too.
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CAN – was a buy on support Dec 15 & popped Dec 16 as shown here. I hoped that it would run like RIOT & MARA…
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Can has moved sideways / higher along the 34 sma. I posted this in the live area below the report yesterday though, as it started to set up Bullishly on my intraday charts. I bought it and mentioned that as a lagger and really this daily chart is still bullish too. RIOT, MARA, HVBTF, BTBT, etc have been explosive moves for us, I’d like to see CAN play catch up. Again, the Intraday 5 minute, 15 minute, 30 minute charts started to form bullish patterns so I bought it for now.
CAN WEEKLY – If this does run, it has the ability to tack on gains fast.
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EBON was pointed out because it has these High volume surges at the lows. Even though it closed lower yesterday, it Gapped up first and the volume is progressive. So this looks like it has been going sideways in a base since I mentioned it, but let me show you something…
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EBON has actually been climbing higher. When I see volume like this in a base, it is telling me something. If Bitcoin continues higher, keep your eyes on CAN & EBON.
NOVN DEC 3 -I recommended NOVN a few times recently as a base with higher lows
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NOVN on DEC 28- I actually has it in the reports this week, and I own it as a slow and steady bullish set up.
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NOVN WEEKLY was in the report this week to show that NOVN could surge much higher.
NOVN EXPLODED yesterday and gave us our lovely Giraffe Neck. It was up 65% at one point. When you own a stock like NOVN, GHSI, and others that Pop like this, you have to decide if you want to ride it out & see if it continues? Or sell & lock in 60% gains that it has? Or sell some and let some ride. I usually sell some and let some ride.
TRXC is set up to move higher and may be the next one to take off. I mentioned it yesterday in the live area below the report too. I also called out AIKI, but it took off 40% after I called it out, so I wont put it in todays report now that it is extended. MANY of these smaller biotech stocks that we traded in early 2020 are popping again. See RGLS, GHSI, ONTX, NOVN, TRIB, etc .
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PSTH -This set up is risky, it falls into the category of the SPAC stocks that we traded. I traded SPAQ, IPEV, IPOC, etc and they really move when they run, so I bought this when it reversed Wed & went green during our sell off. It can still be bought but please know that these can swing wide.
VLDR – I also mentioned this one in the live area and said that I bought it. It is choppy and rough to ride, but looks to be forming a large cup. In this sector they often break out & run. I have a small/average position for now.
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NETE – EV CARS & BLOCKCHAIN: We have been in or traded NETE for weeks. It was a buy at $6 & $7 in November near support…
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NETE popped and ran and then landed on support as another buy Dec 6. I was now hoping for $10 to $20 as seen here..
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NETE sometimes they move slowly, but it remained bullish here at $13.50 Dec 14th , and…
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NETE popped 60% yesterday, finally tagging that $20 area ( and then pulled back to up 44%). So NETE was a $6 to $20 trade if you bought & held from November. Very nice. It is a nice example of a $6 to almost $20 run over time, and it can continue higher too. Many of these set ups remain bullish.
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Todays report is the final report of 2020. As bad as 2020 was in life, this has actually been one of the most profitable years that I’ve seen in a long time. Many Many of our stock picks, starting with Miners and Biotech in early 2020, have doubled and tripled! That was followed by bullish set ups in Tech, EV Cars, SPAQ, Clean Energy, and then Oil etc. etc. – the gains just continued as the miners consolidated their Match to August gains. Now the Miners are set up again and look ready to have another bullish run of their own, and other areas are still bullish too. How long will all of this last into 2021? That remains to be seen, but we are early in the run out of the lows for Miners, so we at least have that going for us.
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Thanks so much for being here with me! I still see some very bullish areas to make money in going forward, so we have a lot to look forward to, at least in trading for 2021 too! Enjoy your Thursday trading (and please be safe if you choose to celebrate with family or friends tonight).
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