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JNUG

Silver Miners pop, down and then launchI feel a flash crash coming on, similar to Covid - wouldn't surprise me if Birdflu was the catalyst (see my NASDAQ:GILD idea). The patterns line up exactly the same. You can't see it with this picture, but tons of my indicators are going off -which I will post below. Silver Miners will exit the ascending triangle this go around as the commodity supercycle takes off. Could silver miners go a little more up then down? Absolutely, but miners are sensitive to market rallys and poundings like other stocks (see the pandemic in March 2020 on the chart).
AMEX:SILJLong
by EmptyEternity
6
Junior Miners will take some time off soon I see a repeat of March 2020 happening but with birdflu (check out my silver miners AMEX:SILJ thread where the fractal looks better). Within 5 months, miners had a 42% gain, but within that time period there were 2 huge drops and 3 huge gains: 1. $46-$20 (56% loss) in 2 weeks (June-July) 2. $20-$40 (100% gain) in 4 weeks (July-August) 3. $40-$50 (25% gain) in 4 weeks (August-September) 4. $50-$42 (15% loss) in 4 weeks (September-October) 5. $42-$65 (55% gain) in 6 weeks (October-Mid November) We'll want to target events 1, 2 and 5. OTM puts and calls on AMEX:NUGT , AMEX:JNUG and AMEX:AGQ will be the way to go on this assuming some exogenous event doesn't take down our markets (hack, EMP etc.), and IV is affordable. 1 will be moderately expensive because of hitting the top (unless it grinds slowly sideways dragging IV down with it). 2 could be pretty expensive. 5 should be highly affordable after a slow walk up and down for 2 months. I will also be keeping a close eye on several junior miners like NYSE:EXK and one pharmaceutical company NASDAQ:GILD (check those threads also)
AMEX:GDXJShort
by EmptyEternity
2XBEAR MINERS LOOKING GOOD FROM HERE!It's time for precious metals to take a cooler. I noticed JDST's options for $5 is off the chart compared to other months. I bought calls for .20 for $5 strike price in September. I anticipating these going to 2.00 by then which is 1000% return. I also think DUST is worthy of buying at these levels too - except they don't have miners, but I see a 500% return for this stock by the fall. I will also link to some supportive ideas following this post.
AMEX:DUSTLong
by EmptyEternity
Double Top in Gold That Strangely is Correlated with NividiaDid you know gold and Nividia have an 81% correlation? That's strange. (chart in comments) I see a double top in gold. TTM Squeeze firing on weekly, daily, 4 hourly and it's a continuation of a squeeze on the hourly. TTM Squeeze's usually bounce off the opposite side when it breaks/fakes out. Outside an exogenous event I see pm's taking the summer off and reawakening in the fall when the dollar tops out after the BOJ sells US treasuries after China devalues their currency after the dollar spikes when Europe cuts rates soon. It's going to be an epic chain reaction. The FED will cut rates heading into the election and if Trump wins he'll ride the last meme wave until it crashes and reinstitute a gold standard, or if Biden wins we get CBDC's. I'll be looking for low IV OTM calls in the fall after the FED cuts rates...
AMEX:GLDShort
by EmptyEternity
Jaguar Mining Gold = micro-cap scam: Be Cautious Zcash is Better Jaguar Mining Announces Ten To One Reverse Split Jaguar Mining this morning announced that the company will be going ahead with a previously proposed share consolidation on the basis of one common share for every ten shares currently held by shareholders. Further, the company intends to conduct a $0.08 dividend on a post-consolidated basis five days after the completion of the consolidation. The consolidation, as per the company, was approved by an annual general and special meeting of shareholders held on June 5, 2017 – a mere three years ago. The company was provided with conditional approval from the Toronto Stock Exchange on July 17, 2020. The effective date for the ten to one reverse split is said to be August 27, 2020. thedeepdive.ca
OTC:JAGGF
by noam_chom
Junior Miners will fall 10-20% before catapulting in Mid MayMiners didn't accelerate to the upside like metals because they do better in lower interest rate environments, whereas metals do better for volatility events. You could buy ITM puts here on JNUG, NUGT, GDX or GDXJ and see a good return, or just wait for this to bottom in a couple of weeks and ride the lightning. THIS opportunity is one of the 2 that I see this year where you can buy OTM calls and this will be like Gamestop imo. THIS ISN'T FINANCIAL ADVICE!
AMEX:JNUGLong
by EmptyEternity
Gold Pulls in More Fools, Rally to $1950 then FadeI rally between now and April-May looks like a good risk-reward, however those gains are likely to get faded very fast as capital flows back into discounted equities, and other growth assets Of all the minerals mined from the Earth, none is more useful than gold (this is speculation). Its usefulness is derived from a diversity of special properties. Gold conducts electricity, does not tarnish, is very easy to work, can be drawn into wire, can be hammered into thin sheets, alloys with many other metals, can be melted and cast into highly detailed shapes, has a wonderful color and a brilliant luster. Gold is a memorable metal that occupies a special place in the boomer mind.
FX:XAUUSDShort
by noam_chom
1
GOLD vs NASDAQ- Which is better ?Over a period of time what is better to trade and invest in a gold futures based ETF or instead the TQQQ , a leveraged and popular ETF tracking the NAS100 and NASDAQ. To analyse, this I put NUGT on the daily chart and superimposed the price action of TQQQ. Starting one year ago, NUGT had the better price action in an upward facing megaphone pattern reflecting high volatility and topped out 70% over the last August start in a double top. After its retracement, it is now positioned perhaps for bullish continuation. TQQQ on the otherhand since a low at the end of 2022 has been in a less volatile trend up topping out at 50% last month but now also with a bit of a pullback and retracement. I conclude that one is not better than the other and that a lot depends on a traders appreciation of market tops. Swing trades in both managed well may give diversity to the trades and allow for profitable outcomes. As a well established gold bug, however, I believe that gold will shine moving forward especially if a BRICS currency is launched with a real gold standard.
AMEX:NUGT
by AwesomeAvani
Is NVDA overpriced relative to GOLD?My thesis is that comparing an equity price in a ratio to spot gold expecially on long time frames can sometimes bring clarity to complicated trading decisions. Here, I seek to determine since I hold both gold on the forex market and NVDA call options, whether I should sell one to buy the other. Upon putting the ratio of NVDA price compared with spot gold on a weekly chart I have discovered that NVDA has ran up considerably over the past 5-6 years into an obvious all time high. This is not a surprise given NVDA's position as a subsector leader and a frontrunner on the AI revolution. The last golden cross of the pair of HMAs was this past March. Relative strength of the ratio is nearly 80. Importantly, the mass index is about to trigger a reversal. Overall, because of this analysis, I will dollar cost average out of the NVDA call options closing them at weekly highs over the next month. With the proceeds, I will increase my spot gold position and look into call options on one of the gold ETFs.
NASDAQ:NVDAShort
by AwesomeAvani
HYMC- Gold is Glittering Penny Junior Miner LONGGold is on a bullrun and what better equity to look to capture profits than gold junior miner penny stocks. The risk is high and the potential profit is well - perhaps on the way to the moon. Shown here is HYMC on 2 hr chart. The momentum is obvious with the climb of the green HA candles. The MTF RSI shows the low TF RSI shot up over 80 while the higher TF RSI is rising at a more gradual slope. No signs of bearish divergence are seen. The MACD shows the lines well above the positive histogram in fact three times the amplitude. Again, no signs of bearish divergence. The AI Lorentzian indicator shows a buy signal. Its algo tested a projected win rate of 73% on the signals which should buttress my confidence in this trade. I will follow the signals in the context of my targets based on TA and see how they correlate. Gold is on fire ! Junior miners are perhaps in the midst of a wildfire. I will take a long trade on this penny stock. My targets are $0.56 and $.71 representing swing high pivots earlier this year. Overall, I am expectant of 50% profit and a risk free trade once the price rises 10% and a 5% stop loss is moved to break-even.
NASDAQ:HYMCLong
by AwesomeAvani
GLD is the high volume EFT that is tracking the gold bullrun which started two weeks ago on July 3rd after a downtrend for two months starting on May 2nd. This is not a leveraged ETF as so a bit less volatile than JNUG or GDXU. On the 2H chart, I have added a VWAP band line setup anchored into the pivot high. On my analysis: 1. GLD is ascending through VWAP band lines in a VWAP breakout. 2. Volume is steady 3. The Price Volume Trend Oscillator went from a diminishing negative/red histogram into green on July 5th. 4. On the zero-lag MACD, the lines crossed while under the histogram reversing a descent on July 17th and marking the end of a minor correction of the uptrend then confirmed by those lines crossing the zero-line the following day. I conclude that GLD is set up for a long trade. While others might simply take a trade of stocks I will use call options to take a long position. My target is $190 between the second and third positive standard deviations of the mean VWAP. I will purchase 50 options contracts for about $37 each expiring August 4th. I will hold all of them until July 27th and liquidate half of them at the high of day on that Thursday expecting Friday to be a down day. The remaining 25 contracts will be sold at the rate of 6 contracts per day until the overall position is closed. Overall, I expect to realize 200% in profits over the 12-13 trading days in the trade. I plan for a 15% stop loss and expect the trade to be above break-even with the first stop loss advance which I expect will be on Friday.
AMEX:GLDLong
by AwesomeAvani
JNUG- Gold is Going Higher ( LONG)Gold is rising and so also JNUG the triple-leveraged junior miner ETF which has components of miners that have the most to benefit from rising. On the daily chart, price dropped from a winter pivot high with a head and shoulders pattern into a trend down with a bounce off the lows in early March followed by a YTD pivot high in mid April followed by a trend down into the July 4th holiday where the reversal from the low into the current price movement is supported by the MTF RSI indicator showing both the low and high TF RSIs crossing the 50 level. The zero-lag MACD shows the histogram going negative to positive simultaneously with the K /D lines crossing from underneath and beginning to rise. Importantly the Lroentzian machine learning AI indicator using a variety of indicators and factors printed a buy signal earlier this same trading day. I will go long in a swing trade expectant of great profit. I can see that price is approaching the long term mean VWAP and has crossed over the POC line of the lower high volume area. The target of 43.2 is the POC line of the upper high volume area confluent with the first standard deviation above that mean VWAP and also the neckline of the H & S this past winter. The analysis is strong from the confluences and so expectant of 15-20% profit.
AMEX:JNUGLong
by AwesomeAvani
GLD , a bullish gold ETF LongGLD on the 4H chart has downtrended for 2 months. However, the supertrend is that of a gradual trend up as shown by the green ascending line. The two indicators point to a reversal. The MACD shows a cross of the K / D lines under a positive histogram and impending cross over the horizontal zero line. The Chris Moody with dual RSI plots shows the RSI on the weekly time frame in black to be trending down from 70 and settling at 50. The daily time frame in blue bottomed at 29 and is now 44. This is a bullish divergence of the RSI as compared with the price trend. Overall I expect a reversal with a trend up targeting $192 which is the approximate pivot high of early May also confluent with two standard deviations above the mean VWAP anchored to 2/1/23. The stop loss is to be set below the ascending support at $176. Accordingly, a potential loss of $2 until the stop loss is raised to break-even once price gets to $182.00. After that, the trade will be both risk and stress free.
AMEX:GLDLong
by AwesomeAvani
XAUUSD- Extended View Long Bias Spot GoldXAUUSD on the daily chart has been in a trend down from $2179 since early May when its candle wicks also reached into the zone between the lines two standard deviations above two different anchored VWAPs set at the early and late February high and low pivots. In the past week, Spot Gold pivoted above the support of the aVWAP lines one standard deviation below the mean. The MACD indicator predicted the reversal with a double bottom shown as a green line. Above the current price are the mean VWAP and the confluent POC line of the long-term volume profile at 1959. From my analysis of these findings, I will take a long trade entering @ 1959 targeting first 2000 and then 2060 based on the trending of the aVWAP bands. I may also review the JNUG ETF and have already taken a position in GLD.
FX:XAUUSD
by AwesomeAvani
GLD Gold ETF Pullback for EntryGLD has been trending up and the chart shows that volume is increased in April / May as compared with March and is about relatively 2X. GLD is now priced at its all time high. On the trendline drawn, GLD is rising at a rate of approximately 5% monthly. Gold prices are reacting to economic uncertainties and the dollar value having its challenges. Today, price is down 1-2 % dropping towards the bottom of the Bollinger Bands providing a good long trade entry. Stop loss is one dollar below the bottom band while targets are at + 5% + 15% and +30% as a long duration swing trade expecting rising gold prices for at least six months. See also my idea on XAUSUD / Cup and Handle
AMEX:GLDLong
by AwesomeAvani
XAGUSD Spot Gold Cup and Handle Bull Trend ResumptionXAUUSD on the daily chart has a long-term cup and handle now in its final formation. Spot gold price has risen above the lip of the cup and is in position to ascend from there the height /depth of the cup for about another $100 on the current price based on the pattern to occur over the width of the cup or about 6-8 months. Any gold related instruments including miners, junior miners, ETFs like GLD, JNUG , NUGT and gold itself on the forex markets should be in an overall uptrend. Any further degradation in the AMEX:USD will further support Spot Gold rising. Using the Bollinger Band oscillator or Luxalgo I will try to buy when XAUUSD is at the bottom of the Bollinger Bands ( Red Histogram is high / Green Histogram is low ) and sell in an opposite fashion with positions on and off to profit from the uptrend ongoing.
OANDA:XAUUSDLong
by AwesomeAvani
2
Spot Gold XAUUSD LongOn the 15-minute chart with a volume profile overlaid, XAUUSD broke down from a head and shoulders pattern and trended down into a double bottom. Stop Loss and 2 targets are labeled on the char along with supply and demand zones. I see this as a long swing to take on the forex market with using some leverage in conjunction with risk management in the trade including adjusting the stop-loss once the price reaches some unrealized profit and closing a part of the position once the first target is reached.
OANDA:XAUUSDLong
by AwesomeAvani
1
HYMC Mining Stock swing LONGSee the 4H chart for details. The analysts to not have great ratings but I have learned to respect chart patterns The falling wedge here is expectant for a bullish breakout upwards. Earnings are coming and a good report is expected with fixed costs and rising gold and silver prices. This is the timely catalyst for a trade but not an investment. The penny stock is selling at a 95 % discount off its price 2-3 years ago. I has nowhere to go but up. It could be a takeover candidate of one of the larger and more financially stable mining stocks. All in all, I think this is a good buy going into earnings. See also my idea on spot gold. . GORO is another ticker worth a good look right now but remember all that glitters is not gold. Speaking of miners I have a long idea for BTBT, a crypto miners which has upcoming as well.
NASDAQ:HYMCLong
by AwesomeAvani
XAUUSD - Gold Bug's Road Map for Swing Long Cup and Handle This 4 hour chart of XAUUSD Spot Gold demonstrates a cup and handle over the past year. The stochastic RSI indicator has been adapted to the long chart period. Over the current YTD the handle has formed and price is headng to the top of the cup where an uptrend should extend to the same additional upside as the cup height. This would equate to a price of about $ 2100 to be achieved over about six months which is approximate 1/2 of the cup width. Fundamentally, the expected recession coupled with the bank upheavals, the collapse of FTX and other challenges to crypto lead a " flight to safety" Globally, central banks are stockpiling gold as means to fortify ahead of the economic headwinds This has created a supply and demand imbalance. Eco 101 says the price will adjust upward until demand destruction sets in. On the equities markets, mining stocks have had a good month as have the ETF both leveraged and unleveraged.
OANDA:XAUUSDLong
by AwesomeAvani
JNUG - Leveraged Junior Miner ETF Swing LongOn the 4H chart, I show my analysis that JNUG is ready for an uptrend using the MACD / RSI for confirmation. A head and shoulder pattern is followed by a downtrend which ends in a double bottom for a reversal. I see the potential for a significant gain of the ETF and its call options over about six months. See also my idea on XAUUSD / Spot Gold for a more elaborate analysis and discussion. Globally, the 49ers are back again and I think it is time to enter this market.
AMEX:JNUG
by AwesomeAvani