Author Archive for: Alex - Chart Freak

The past few weeks have seen huge gains %-wise in the Chartfreak Gold & Silver Miner picks. I've been reading that other letters have avoided the sector due to the C.O.T.   What a shame, we discussed the C.O.T. here too, but didn't accept it as utterly bearish.  I'll discuss that again this week.  Lets start with a look at a couple of the recent explosive moves in Miners for example.

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TRX- I bought and have been discussing the bullishness in TRX for weeks.  I will discuss it further later in the report, since it has broken out with a bullish surge higher.

XRA - This also burst higher after a 2+ month consolidation of prior gains.

AUMN, VGZ, MUX, TGD, and many others mentioned in the reports over the past few weeks are surging higher. AUMN gained 50+ %last week alone.

After a market review, I'll discuss what I think will be the next opportunities in this sector, and what to look for in Gold, Silver , and Miners going forward.

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What has been the best game in town the past few weeks? Trading Gold Miners has really been explosive. Look at charts of VGZ, MUX, ASM, CDE, AG, FSM, and more and you'll see solid gains in these once hated Miners. I want to discuss trading these miners further, since we have been killing it in some of these.  Lets go to the charts...

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XRA -  On June 27th, I mentioned that this is an explosive set up, and showed a few reasons why. I was buying .

I then posted this on the 28th.  With Gold down $15, XRA powered higher. Last chance to get in?

And then Wednesday-  BOOM! - just like the VGZ and MUX trades, this exploded higher. Up 26%  at the close.

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I was asked " Did you sell the pop?", this is what I'm  looking at...

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Friday alone wasn't enough to give us the information we needed.  Monday helped and now we have Tuesdays trading to add the the equation.  lets take a look...

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SPX- The positive side....the weekly chart  ( yes,  it is only Tuesday)  would shape up nicely if we held here or continued higher.  That's a big 'if'.

The bearish side...

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We are THAT much closer to the Brexit vote and it is being discussed on any and every financial media outlet available. Here is the 'kicker', did you know that it is forbidden that the vote be reported by the British media after the voting begins?  Yes, that's right, they can report on it right up until the voting begins, and then there will be NO UPDATES all Thursday, no exit polls, no nothing.  Until all the votes are counted, the British media is forbidden to report on it.  So Thursday is the last day that the markets will function as pre-brexit markets. Are you ready for more of this...

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SPX - Not very dramatic so far, but it is holding above the 50sma and remains close to former highs.

What else have we seen this week?

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