Northern Dynasty Minerals Ltd (NAK)

[TheEndisNear]

I don't follow copper. Gold is tracing a mostly horizontal 4 into a minor wave 5 of C. It's hard to verbally describe charts.

Neither matters much to my NAK long position because that's based on NAK EWs alone. Gold and copper obviously play a role in NAKs future, but they are not necessarily tied to NAK's shorter wavelength moves. As you know from trading miners, they're often in front of underlying metal moves.

I might take a long position in gold, later.

My current strategy is minor plays with clear EWs in domains that I am familiar, like miners. I'm waiting until the broader market tops which I expect to roll over in mid to late 2018 depending on which sector one is trading. Financials will likely be the initial loss leaders, probably collapsing well under the news radar, ala the 2007 sub-prime massacre.

Following a broader market peak, my strategy is "sell and hold" with minimum leverage, expecting Cat 5 hurricane volatility. Basically, dollar cost averaging short positions.

Think of it as Warren Buffet in reverse. My play isn't a stock play. If stocks are boats bobbing up and down, I'm playing draining the ocean. IMO, sea level rise of underlying currency has been the primary Bull driver of our lifetimes. What never changes, is about to change.