July 3- Flying On Target

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.

TRX DAILY

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

XRA DAILY  

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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June 30 – Lessons

Friday is the last trading day before we enter ( in the U.S.) a 3 day weekend. Markets are closed in the U.S. on Monday, so please keep that in mind when deciding whether you want to buy, sell, or hold. Lets do a quick market review, and then I wanted to go through some lessons pertaining to our positions in Miners. 🙂 In the general markets, something that could turn out to be very bullish happened in the markets today.

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DJIA-  This was my chart from yesterday pointing out a possible shake out with the Brexit vote. I labeled this SPX, but it was DJIA.  They both had the same reaction.

DJIA 6-29

 Notice what happened Thursday...

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Trading Gold

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 .

XRA 6-27

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

XRA 6-28

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

XRA 6-29b .

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

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