Monday, December 30, 2013

Great opportunity in Junior miners

This is not a 3X leveraged chart. This is the inverse of the fall in junior miners. We see an incredible parabola that has got to be reversed soon. This can now be played with JNUG, the 3X daily junior gold miner ETF. Today precies metals are falling again getting us closer to a good entry position.

Close to a top in P/E valuations

I borrowed this chart from and added my sloped test of resistance lines. Clearly we are getting close to a top in p/e ratios and most likely a market top.

Friday, December 27, 2013

Quick thougts for next week

TYL is in the zone for increased shorting. This bubble will pop!

A terrific hedge play would be to short basic materials and go long precious metals

Basic materials look like a good short from here and above

Turkey should be monitored from here, starting to look cheap.

Saturday, December 7, 2013

Silver, silver, silver

Since last time I posted DSLVdid exactly what I did not expect it to do. It climbed higher along the trendline. The arrow marks where it was last time I posted and where I recommended a short of DSLV. Anyway it's not a disaster but it has now arguably touched the trendline three times and that should be enough. Am I convinced, no, but I have a large portion of my money on this trade. Another thought is that Bitcoin mania is in full force and when it comes crashing down it might well give a push for monetary metals since the metals are a competing money alternative.