I prefer trading Options to Penny Stocks ... Options can give you radical penny stock like profits once in a while ... the problem with Penny Stocks these days is the rampant fraud & pump-n-dump schemes ... trading options on NYSE/Big-Board companies isn't subjected to the mass fraud like penny stocks ... but with Options you have to really get the trend & duration of the trade right, or your looking at a quick loss - but I always try to cut each Options trade loss at 10 to 15 percent max.

Another important indicator for PM sector ... GDX significantly outperformed stocks for first day in aprox. last 6 trading days ....

GDX vs. DJIA - 10 day chart .....

https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Fund&symb=GDX&time=18&startdate=1%2F4%2F1999&enddate=2%2F7%2F2020&freq=8&compidx=aaaaa%3A0&comptemptext=djia&comp=djia&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=2&x=42&y=14&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=12


When Silver starts noticeably outperforming Gold on a daily basis again = should be an important turning point for PM sector on a short-term basis at a minimum.

I was thinking about buying some JNUG late Friday - but didn't as didn't want to hold it over the weekend ... but I ended up netting around the same by flipping GDX options today.

First day in last 6 trading days that GDX has outperformed the metal - Gold stocks looking for a bottoming process ... when Silver starts outperforming Gold = further confirmation of nearing bottoming process ...

* GDX vs. Gold - 10 day chart ....

https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Fund&symb=GDX&x=36&y=20&time=18&startdate=1/4/1999&enddate=2/7/2020&freq=8&compidx=aaaaa:0&comptemptext=GLD&comp=GLD&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=12




* Gold vs. Silver - 10 day chart ....

https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=SLV&x=38&y=18&time=18&startdate=1/4/1999&enddate=2/7/2020&freq=8&compidx=aaaaa:0&comptemptext=GLD&comp=GLD&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=12

GDX significantly outperforming the metal today ....


* GDX vs. Gold - 1 Day chart .....

https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Fund&symb=GDX&time=1&startdate=1/4/1999&enddate=2/7/2020&freq=6&compidx=aaaaa:0&comptemptext=GLD&comp=GLD&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=2&x=38&y=20&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=12

Another good quick GDX options flip ... 2 out of 3 in the green today ...

* 2 GDX Call trades in the green

* 1 GDX Put trade in the red

First Majestic Silver up 12% right now (one of the biggest pure silver co) ... shorts using current weakeness to close short positions, imo

A good quick flip in GDX calls this morning

Physical for long-term wealth preservation ... Gold stocks and their options are generally only good for day trading & swing/cycles trading ... Gold stocks haven't been suitable for long-term investments for close to a decade - see 10 Yr. comparison chart below showing the GDX (Gold Miners index) vs. Gold bullion ...

* GDX vs. Gold Bullion 10 Yr. chart ...

https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Fund&symb=gdx&time=20&startdate=1%2F4%2F1999&enddate=7%2F4%2F2017&freq=2&compidx=aaaaa%3A0&comptemptext=gld&comp=gld&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=2&x=48&y=17&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=12


However, if Gold was to enter a new pricing paradigm (like the US going back to a Gold standard) I suspect Gold stocks would become viable as long term investments again as spot price would likely increase considerably - which would dramatically affect Miners profitability.

From what I heard this afternoon on the FED conference call, the FOMC rate policy meeting that was scheduled for the 18th (Wed) was moved to today.

For trading purposes; What I'll look for tomorrow in regards to trading precious metals is; what is Gold correlated to now? .... for example; Gold can be like a chameleon; sometimes it trades inverse to USD, sometimes it trades inverse to stock market, sometimes it trade in conjunction with stocks, sometimes it trade in relation to geo-politcal events, and so on, and so on .... so tomorrow, I'll be watching how Gold trades in relation to several different markets/indicators to discern what the primary driver is affecting the Gold market the most for trading purposes ... with the FED now going all in, Gold should do well, but it's possible it does not - it may be correlated to stock market like it has been generally over the past couple trading days except for late friday afternoon (and i suspect stocks are dead until the virus thing is resolved) - we shall soon see where Gold takes it's ques from this week.

If your buying for long term investment; I'd just start scaling in using dollar cost averaging, because over the long-term it's probably going higher.

Once you understand how the PPT works ... you can use it to your advantage, IE; to keep the sheeple invested in stawks, the PPT tends to ...

* Ramps the stock markets Friday afternoons
* Smashes Gold Friday afternoons

* Ramps the stock markets Monday mornings
* Smashes Gold Monday mornings

* Smashes Gold leading into FED meetings

* Ramps the stock markets going into major national holidays

Yes ... I'm hoping the PPT smashes the spot price so I can get a better entry price Monday morning.

NY the first state to kick off the US bank runs ...

https://www.zerohedge.com/markets/its-frenzy-rich-are-making-run-banks-hamptons

$700 Billion QE is just the appetizer ... they are going to need a much bigger boat ...

BREAKING: Federal government to control and oversee grocery distribution with govt / private sector partnerships: Wal-Mart, Costco, Target, Kroger, top grocery chains to be deemed “critical infrastructure” … National Guard to protect key distribution points ...

https://www.naturalnews.com/2020-03-15-federal-government-to-control-grocery-distribution-national-guard.html

NYC Comptroller Calls For 'Citywide Shutdown' As Virus Hits ...

https://www.zerohedge.com/political/we-cant-go-business-usual-nyc-comptroller-calls-citywide-shutdown-virus-hits-city-schools

I'm looking for a possible bottom in the Precious Metals to potentially coincide with this weeks FED meeting on Wednesday ... the FED is going to have to "kitchen sink" fiscal/monetary policy to save the economy from completely melting down back into the stone age ... Silver might lag Gold for a little while still ... but there are only 2 places one can park money right now without extreme risk, and those 2 places are either cash or physical Gold bullion in hand.

People who are not in the precious metals business or who aren't serious longer-term bullion investors are generally unaware that during the 2008-to-2009 financial crisis, Silver Bullion was essentially unavailable for aprox. 1 year due to exceedingly strong demand for real/physical Silver bullion ... if you tried buying Silver bullion during this time period, it was essentially unavailable ... Gold bullion was also in a supply crunch during this time period, but not as bad as the Silver supply deficit ..... imo, we may soon be in another supply crunch scenario for bullion again ... this weeks drop in spot price actually makes Silver more attractive for those with cash who are concerned about the continuity/integrity of the equity markets and other financial markets ...

https://www.zerohedge.com/commodities/price-physical-gold-decouples-paper-gold

Here's another reason it may pay to be mostly in cash b4 the end of each trading day ...

IMO the biggest disconnect on FinTwit right now is the apparent belief that markets will remain open for trading even as borders are being closed. #Ice9 https://t.co/otarcQeTLW

— Luke Gromen (@LukeGromen) March 14, 2020

If it looks bad now ... just give it another 3 weeks when there's virtually no food on the shleves ...

https://www.zerohedge.com/markets/brawls-erupt-americans-panic-hoard-supplies-amid-pandemic

My trading account goes to aprox. 99.9% cash by the end of each trading day these days ... recently; I'm generally only trading intra-day resistance/support breaks ... I'm just not comfortable holding anything overnight these days - except for the bullion bars I bought long ago.

Using the GDXJ #'s; JNUG should have been down 30.39%, not 60+% - so something broke or is getting liquidated

Anyone that follows Gold closely knows; Wall Street always takes the Precious Metals sector to the woodshed going into a FOMC meeting... this time it's more of a beat-down than usual due to cv19 financial contagion.

From 11 days ago .....

Reading on twitter yesterday that a fund got liquidated ... someone else saying the pricing mechanism broke.

Cash flow is going to zero (unless they lease out the ships for hospitals) ... maybe going to $5 or less before it recovers, imo.

Will look at buying some CCL Call Options in aprox 2 months from now

Precious metals closely correlated to the DOW/S&P downtrend over the past few days ... although general equities having much larger percentage declines ... but both asset classes moving almost in lock-step on the advance/decline trends past few days ...

https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Index&symb=djia&time=18&startdate=1/4/1999&enddate=3/12/2020&freq=6&compidx=aaaaa:0&comptemptext=GLD&comp=GLD&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=2&x=39&y=17&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=12

Worth repeating ...

The 2 most important times for the PPT to control the markets ...

(1.) Friday afternoons

(2.) Monday mornings

Stock Futures on the S&P 500 halted Sunday night after they decline 5% ...

https://www.marketwatch.com/articles/is-the-stock-market-crashing-heres-when-s-p-500-circuit-breakers-kick-in-51583717721

Middle-east stock markets breaking key support levels to start this weeks trading ...

Holy sheep ... look at the line-up just to get into this coscto ....

https://twitter.com/millennialdavid/status/1236333154815758336

Costco picts .... after the late-stage preppers have finished loading up on the basics like; toiltet-paper, canned foods, and hand sanitizer, etc. - I suspect they will turn their attention to precious metals next.

I could see CCL possibly generating some cash-flow short-term by leasing their ships out as mobile CN19 hospitals.

It was under $10 in the early 1990's .... i suspect that's where it's going - probable bankruptcy filing in not too distant future as cash flow will likely go to zero soon.

If things get really bad, and they temporarily close the stock markets and banks sometime in the future; you should have a core holding of real precious metals for catastrophe insurance (you should have enough to cover 6 to 12 months of living expenses)...

https://www.naturalnews.com/2020-03-05-pandemic-projection-model-million-deaths-domestic-travel-air-rail-roads.html

Only around $5k per day liquidity in STNT ... with some days no volume at all ... I guess mngmt had to try and do something to try and stay out of the trips.