{"id":126777,"date":"2018-05-16T13:58:24","date_gmt":"2018-05-16T17:58:24","guid":{"rendered":"http:\/\/countingpips.com\/?p=126777"},"modified":"2018-06-01T15:39:46","modified_gmt":"2018-06-01T15:39:46","slug":"metals-and-miners-the-sleeping-giant-trade","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/05\/metals-and-miners-the-sleeping-giant-trade\/","title":{"rendered":"Metals and Miners – The Sleeping Giant Trade"},"content":{"rendered":"
May 16, 2018<\/div>
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By\u00a0www.TheTechnicalTraders.com<\/a><\/u><\/strong><\/p>\n

Throughout this year, many analysts have focused on the\u00a0price of Gold, Platinum & Silver markets for insight to the fear levels that exist in the global markets.\u00a0 Demand for Gold and Silver have been near historically high levels for the past 12+ months and the ratio of Gold to Silver has continued to show that Silver is extremely undervalued in relative value to Gold.\u00a0 We\u2019ve highlighted these facts in previous articles to our readers.<\/p>\n

The recent news regarding economic and political concerns regarding a wide range of Emerging Markets and established economies, we believe, has continued to drive upward price pressures in the precious metals markets.\u00a0 We feel the Metals & Miners are setting up a unique opportunity for patient and skilled traders\/investors.\u00a0 Possibly, the opportunity of a lifetime if our analysis is correct.<\/p>\n

2015 GOLD MINERS \u2013 WEEKLY NUGT CHART PATTERN<\/strong><\/h4>\n

Near the end of 2015, NUGT was setting up a congested wedge formation, that lasted 7 months, with clear support near $20.\u00a0 This pennant formation retested support over 6 times before a \u201cwash-out low\u201d price pattern formed as price attempted the eventual breakout.\u00a0 These types of \u201cwash-out\u201d patterns are common as price begins to accelerate into new trends.<\/p>\n

Washout lows tend to flush out stops and positions from traders that have their stops too tight for the markets.\u00a0 In this manner, the market is rotating in a matter to reaffirm support before the new bullish trend extends.\u00a0 Notice how quickly price expanded in this uptrend and how price moved above the $30 level in just a week before continuing well above the $120 level.\u00a0 We are illustrating the explosive capabilities of a\u00a0congestion trade setup\u00a0like this \u2013 well over 500% from the $20 support level.<\/p>\n

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2018 GOLD MINERS \u2013 WEEKLY NUGT CHART PATTERN<\/strong><\/h4>\n

Take a look at a current 2018 NUGT chart (below) and please pay very close attention to the similarities between these two charts.\u00a0 We can\u2019t stress how important it is to understand the opportunity we are showing you today with regards to these patterns and the potential for traders to take advantage of this setup.<\/p>

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The current price pattern setting up in NUGT is another congested wedge formation with support near $22.\u00a0 This pattern has been setting up in the pennant formation for over 12+ months.\u00a0 Price initially rallied from the initial bottom formation (December 2016) and established a price peak @ $54.80 (highlighted in RED).<\/p>\n

Afterward, the price has continued to rotate between support and the downward sloping resistance channel presenting traders with a very extended congestion pattern.\u00a0 What interests us the most about this current pattern is the length of the congested wedge pattern.\u00a0 We believe the upside pricing pressure that is being built up within this wedge could be 2x to 3x (or more) the pressure from the 2016 upside breakout.\u00a0 This would indicate that NUGT could rally well past the $100~140 level when this breaks \u2013 again a 500%+ price advance.<\/p>\n

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2018 GOLD MINERS \u2013 DAILY CHART PATTERN<\/strong><\/h4>\n

This Daily NUGT chart shows one of our price modeling systems and shows it has clearly indicated a new bullish trend began on April 10.\u00a0 Lower price support is currently near $24 and ultimate support is near $22.\u00a0 You can see from this modeling system chart that any upside breakout above the CYAN Standard Deviation channel would be very positive within this bullish trend and likely prompt a further upside price rally.<\/p>\n

Clearly, any chance at a new trade entry near or below $24.50 is acceptable with risk near $2 per share.\u00a0 Remember, if this breakout\/rally happens as we expect, a \u201cwash-out\u201d price rotation may precede this move where stops need to be soft in nature.\u00a0 Support is near $22, but the \u201cwash-out\u201d price rotation may attempt to test price levels below $22 before the massive upside rally begins.\u00a0 So be aware that the smart play is to understand the risk of this trade and play it knowing a \u201cwash-out\u201d price rotation may happen as price breaks these channels.<\/p>\n

\"\"It is not often that the markets provide traders with these types of setups.\u00a0 These are the type of trades that can make 400~500% or more on a single trade over 4~6 months.\u00a0 We focus on finding opportunities for our members and delivering success for them every month.\u00a0 Members to our Wealth Building Newsletter have already been alerted to this trade setup, and others and will know when a position should be initiated.<\/p>\n

Our other\u00a0recent trade alerts, that are up well over 10% each are UGAZ, FAS, and TECL.\u00a0 These have been rocketing higher \u2013 as we predicted.\u00a0 On Friday we closed our TECL position which hit our resistance level and we locked in the 18.3% gains with our members.\u00a0 The single point of success for all of us is to manage our assets well in an attempt to achieve greater long-term success.<\/p>\n

If you\u2019ve been following our research and analysis and find it valuable, please visit\u00a0www.TheTechnicalTraders.com<\/a><\/u>\u00a0to support our research team and become a valued member.\u00a0 The markets are full of incredible opportunities like this and we focus on delivering critical market research, analysis, Daily video content, detailed trade triggers and continued support for our members.\u00a0 We know you will not find anything like our proprietary price modeling systems and adaptive predictive modeling systems anywhere else.<\/p>\n

Our 53 years experience in researching and trading makes analyzing the complex and ever-changing financial markets a natural process. We have a simple and highly effective way to provide our customers with the most convenient, accurate, and timely market forecasts available today. Our\u00a0stock and ETF trading alerts\u00a0are readily available through our exclusive membership service via email and SMS text. Our newsletter,\u00a0Technical Trading Mastery book, and\u00a03 Hour Trading Video Course\u00a0are designed for both traders and investors. Also, some of our strategies have been fully automated for the ultimate trading experience.<\/p>\n

By\u00a0www.TheTechnicalTraders.com<\/a><\/u><\/p>\n","protected":false},"excerpt":{"rendered":"

By\u00a0www.TheTechnicalTraders.com Throughout this year, many analysts have focused on the\u00a0price of Gold, Platinum & Silver markets for insight to the fear levels that exist in the global markets.\u00a0 Demand for Gold and Silver have been near historically high levels for the past 12+ months and the ratio of Gold to Silver has continued to show […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-126777","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/126777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=126777"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/126777\/revisions"}],"predecessor-version":[{"id":126778,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/126777\/revisions\/126778"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=126777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=126777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=126777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}