Kaminak Gold Corp. (fka KMKGF)

[123tom]

This was a good post a month and a half ago,looking at Kaminak. I was looking at KAM too, and thought the same thing. I dont trust the manipulation anymore. I dont like being fooled so skillfully, that the manipulators would use the entire technical chart tool system, all the bells and whistles, to Set traders up for the kill...thay did this on October 6 when spot gold hit the triple 1180 ....they used that bounce to skin the sheeple several days later. That was the final proof for me. that the game has gotten very dirty against those investing and trading in miners. IF folks bought the latest Bottom zone early November, and are lucky enough to see a decent Rally bounce ,like what ANV has done, Take the Profit and get out,.... take the bird in hand and get out.
get your money back and get out.

So Kaminak, was looking like you saw, in september, a pullback target maybe around 65 cents 60 cents, something like that. Where did it fall to....
(in canadian money....around 54 cents)

http://stockcharts.com/c-sc/sc?s=KAM.V&p=D&b=5&g=0&i=p18902951012&r=1416352466965

and weekly

http://stockcharts.com/c-sc/sc?s=KAM.V&p=W&yr=2&mn=0&dy=0&i=p59588103105&r=1416352837230

Now heres my train of thought.... look at the charts again, daily and weekly, and see what are the resistance levels they have in common....its right here in the 77-85 zone

Above that there is a set up for a Head and shoulders, to develop the right shoulder around 90-1.00 area
The elliott waves from previous high at 1.20 in summer, from the December 2013 bottom did so in a 3-wave pattern, visible on the chart, ABC...thats not a bullish wave pattern...its a bearish correction pattern.
Now, from that 1.20 top in summer ,the downwave (weekly chart) has made a 5-wave pattern ,thats a dominant direction wave pattern, and suggests the current bounce is a bearish corrective wave, I expect a 3-wave movement,ABC, to resistance targets in the .80-1.00 zone....followed by the next downwave to retest the 2013 bottom zone.

Notice that in 2014, Kaminak was one of the few that did not retest the 2013 bottom and/or make lower bottoms ...many miners did.

Kaminak stopped in early November around 54 cents, and now makes a bounce rally that looks good enough to fool the chronic sheeple miner investors to think we are heading upwards and onwards.

I used to believe in a bull trend for miners. Now theres only one belief I have....The powers that control the market are intent on destroying the miners, and the game of slamming down is still ongoing.

So that begs the question in ANY price action, any wave pattern, any painted picture the computer algos are creating in any miner.....why did they decide to stop the downwave in early november. why at these prices. why did Kaminak stop at 54 cents, above the 2013 bottom. Its all a phony game rigged and controlled by the computer programs.

Its even risky to look at elliott waves or any technical indicators, but theres no other way to try and look at a chart.
But in any case, These wave patterns in Kaminak are No longer bullish...they became bearish when the Summer upwave Failed to make a 5-wave pattern, and now we got a big First Wave down .

It might become a Range Pattern, so buying 50 cents and selling 1.00 may be ok to do, for a nice trade. But thats as far as I would go with that.

What might be developing now in this rally bounce is a correction bounce back to the resistance zone around 80-90 cents maybe 1 dollar.... in 3 waves,ABC, or else in one single wave if Kam keeps extending here into that zone, it would become a desperate sell if it goes there now. but if not now, then after a pullback to 65-70 area, and one more rally to the 80-90-1.00 zone and Take profit and get out. is what I would do IF I had bought the recent Bottom .

Thats right...."Ding"...the toast is done. the miners are toast when they hit the cloud zone.

These will turn out to be good trades for nice profit those who bought the Bottom , ANV ,Kaminak, not all of the miners, but some.

This is NOT buy and hold time. in my view. no more than the march Top Zone, or July High was, or the August 2013 Top was.

Its a rigged downwave .....bouncing up to resistance and then going Lower each time.