Miner Ideas In A Major Move

I am releasing the premium report that I wrote last Thursday for Friday mornings  trading. I feel that much of it is still applicable today. Enjoy.

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In a recent report I was discussing what I called Giraffes.  These are the special set ups in certain Miners that explode higher giving the chart a look of a giraffe neck. Certain set ups form during consolidations and lead to this price explosion, giving us some big profits. Obviously finding them BEFORE they pop is the key to maximized profits. Lets take a look at some of our Giraffes from past set ups, then I want to discuss what I think will be the next ones.

 

This was our set up in XRA at when it was just under $1.00

2 days later we were up over 30% with the giraffe neck 🙂

Lets look at another explosive POP that we caught, and then I’ll  point out our next candidates…

 

Note: I want to walk you through these trades the way I see them as they happen. It is the best way for me to show you how I trade and how I view various set ups and positions that I may already be holding.

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TRX  – TRX was pointed out at $0.50,  1 day before this POP, and then…

120% gains in 4 days. We caught that move in a big way.

So as time goes by, certain set ups start to really look ready to go. Barring any unforeseen circumstances like the dreaded  ‘public offering’ , they explode higher. Today I saw this happening with GSS and TGD and I wrote these 2 comments in the chat / comments section before noon…

 

SO I decided to sell the rest of my GPL and added to my  GSS and TGD positions.  I explained this line of thinking with this comment in the blue box (  it saves time to re-post and not have to retype everything, click to enlarge if necessary).

 

It is true that GPL may be bottoming here at a place of common low points, but why miss the POP in something else if it is ready? I can always  come back to GPL when I SEE A RENEWED SIGN OF STRENGTH.   Honestly, this is just a sign of possible stability at this point.

I also added to my NAK position at the open, after all, it is “Buy the dips”.

Why? Because NAK showed a real sign of strength 4 days ago and has dropped to test the break out. It was near a supporting MA.  It was more of a hunch to buy it when it was down at the open, but the long term chart I love, so it was a matter of “buy the dips”.   NAK ended the day up almost 16%.

 

Now let me show you what I was seeing and what I expect to be the next big Pop.   On July 8th, GSS  is approaching prior highs, forming a cup in a similar way that it did in early April. In April  GSS burst above those highs without putting on a ‘handle’.  GSS may not put on a handle this time, it could break out and run higher.

TODAY I saw GSS up 3 cents with very large volume.  It held support at the 8ma , and that volume was to me…the gas in the tank.  So I posted that GSS & TGD looked ready to go, and I added to my positions. 

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This is what happened as the day went forward.

This is what I am looking at that keeps me from selling too early. A little follow through tomorrow could see GSS race higher again. I also remember the reward of  VGZ and MUX when I held those trades.

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So lets talk about the next one to possibly go.    I think the best candidate for a break out run is  TGD. I mentioned in the comments GSS and TGD because they both have that certain look that hunt for, and I am surprised that they both didn’t pop today.  GSS certainly did. Will TGD POP Friday?  I cannot know for sure, but it is a BUY if you ask me.

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I first mentioned accumulating TGD again when it bouned off of the 200sma at the end of May. It was $0.23

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TGD – TGD from my Wednesday and Thursday reports now  at $0.42. That crazy gap fill was a bullish recovery. Buyers were stepping in.

TGD then moved higher with conviction

TGD Thursday now at $0.47 –  Sure, this can consolidate sideways and form a handle, but I think it was a strong buy today.  I’d buy it whether it was higher or lower. This may be the next Giraffe neck.

TGD WKLY potential is $0.80 and upward. It hit $0.55 Friday

 

 

TRX – This is also playing out rather nicely, exactly as expected in prior reports, so I didn’t want to leave it out of the report. This ‘MIGHT’ also break and run higher. Yesterdays report mentioned how the May bull flag just turned into a consolidation, so this could do that too. Knowing that, someone might wait to buy a break out with a stop under the 10sma.  

Again, this June 14th  TRX WKLY chart has now popped to $1.30, dropped to $1.00 currently, and this shows why I loved it from the start.

 

What about GOLD And Miners themselves?  Everyone is talking about how overbought Gold is.  I have been seeing “Warnings” about the C.O.T. reports for many weeks, but I addressed that false concern weeks ago in a report.  So why are Miners Popping on days when GOLD is down $20?  Maybe it is smart money accumulating, knowing that Gold is not quite done going higher yet.  Gold dropped $60 this week, giving us the first down week since the ICL in May.  It is down about $10 as I write Thursday evening. Is it just a buy the dip moment. Lets take a look…

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GOLD – I have been saying that I thought we saw a shorter first daily cycle, and so I would expect a longer 2nd daily cycle.  IF that was a 1/2 cycle low, Gold will run higher. Thursday did see a bullish reversal on support.

 

If that is the case,  then MINERS may be moving higher ahead of the Metals with only a sideways consolidation.   Think about what I just said. GOLD dropped $60 this week, Miners are near their highs.  🙂

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At this point,  I see many Miners wanting to continue higher despite Gold selling down $60 this week.  Gold has been down $20 some days, and Miners are breaking higher.   This is a far cry from the days of the last few years when Gold hiccuped and miners puked.  Surprises have been to the upside and buy the dips has been rewarding. If we are expecting another run higher, you may also want to go back to Thursdays report and review those charts ( EGO, NGD, HMY, ETC) for some ideas. And of course, I always recommend a basket of Miners to minimize risk.

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UPDATE MONDAY JULY 18 –  If this type of analysis would be a helpful addition to your trading, why not give our Monthly subscription a try? The daily reports also usually contain a market review of the SPX, NASDAQ, WTIC, CRB, etc.   As time goes on, other set ups will be discussed, but these bullish conditions wont last forever. A pull back in the Metals will eventually occur.   That is normal and healthy, and we will be looking for proper set ups when that happens too.   Many of my readers say that they’ve made their 1 yr or quarterly subscription costs back in 1 trade from those set ups in this report. It may be worth a try.    Thanks for being here and reading along. 

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To Sign up here, click and scroll down  

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~ALEX

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Don’t forget about AUMN too.  I own it at a lower price , but have also added on the 10sma.