If it becomes obvious the potential "Megaphone Top" pattern in the stock markets is in play - Gold blastoff will significantly intensify imo, but Silver might lag a bit for a couple/few weeks - until the FED steps in and throws the kitchen sink, imo ...

Hand sanitizer all sold out of stores in Vancouver BC ... many stores now also sold out of toilet paper ... not sure what's next to disappear from store shelves? - maybe some types of medications.

Stock up yesterday on ...

- canned foods
- vitamins
- toilet paper
- soap
- paper towels
- disinfectants

Some of the GDX call options were up over 500% yesterday ... but the profits quickly shrunk in the afternoon on heavy selling ... good profit if you can take profit quickly and be disciplined about risk mngmt.

I know some First Nations groups in canada who are getting organized to enter the MJ market - their business plans project they can grow outdoors for 1/5th the cost of the LP's - and still get good quality outdoors using the AutoFlower strains.

WHO Urges People To Go 'Cashless' Because 'Dirty Banknotes Can Spread The Virus ...

https://www.zerohedge.com/markets/who-warns-dirty-banknotes-may-be-spreading-virus-worldwide

Big volume in GDX now ... over 100 mil volume past 3 out of 4 trading days ... GDX strongly outperformed bullion today.

Some thoughts about risk analysis; What if mining companies operations start getting shutdown because their mine-sites get Coronavirus quarantined or workers simply cannot get to work due to virus issues? ... the mining stocks might start dropping, but the bullion could soar due to the fact that bullion is immune to biological disease.

Gold stocks just can't get it together

Spot Gold appears to be bottoming ... tomorrow might be a good day for GDX

Here's a simple Miners shorter-term trading strategy ....


(1) Go top this chart ...
https://www.tradingview.com/chart/?symbol=TVC:GOLD

(2) click on 5 days period

(3) notice the descending wedge formation since Feb 24 - 9:15 am

(4) draw support & resistance lines

(5) next time spot price breaks above upper resistance line, check charts of GDX, GDXJ, NUGT, JNUG and weigh risk/reward scenario

(6) OPTIONAL; consider using options for more leverage (GDX, GDXJ, NUGT, JNUG are all optionable) ... however, options are extremely risky, and it isn't difficult to suffer large losses quickly in options if you are not an options expert.

RSI clipped around 81 on the metal a couple days ago ... short period of consolidation now ... next swing up on the daily should be strong for metal and miners ... I don't think it'll take to much longer before next swing up on the daily ... this is a good traders market, imo.

Tradingview doesn't show it ... just shows a big $40 bang to the upside right at the open ...

https://www.tradingview.com/chart/?symbol=TVC:GOLD

Chinese supply chain collapse; 85% of Chinese businesses to run out of cash within 90 days ...

https://www.zerohedge.com/economics/it-will-be-really-really-bad-china-faces-financial-armageddon-85-businesses-set-run-out

Even Beijing appears to be crumbling now ...

Dont forget that the cabal also have eyes & a brain ... and that they can also see the implosion in the Chinese economy, and how the Coronavirus is spreading into other countries to - i suspect they are currently thinking about buying metal for their own protection to.

What happened to EGO this morning???? very unusual to see majors move like this ... panicky shorts running fast for the exits? ...

Micro cap Gold producer ... Starcore Intl. ... volume just starting to build ...

Nice gradual volume build in Impact Silver over the past few days ... ISVLF - OTC ... IPT - TSXV

Micro-cap Silver co - Impact Silver ... just hitting new 52 week high ...

If Beijing goes into full lockdown - that won't be good for the Chinese, as that city is the governing/capital city of China ...

Think the Wuhan virus outbreak is slowing? Doesn't feel that way on the ground. My Beijing apt complex just instituted new rules barring nonresidents. We need special passes to get in & out. Only 3 passes/apt. Sorry family of 4. You're out of luck.

— Michael Schuman (@MichaelSchuman) February 20, 2020

Thanks for the info ... i do read GoldTAdise quite often ... and read Northstars info quite often.

I just finished reading a Peter Hug article (whose opinion i respect quite a bit) and he thinks the big recent AU surge in spite of a strongly rising USD is a "fear based" trade;
https://www.kitco.com/news/2020-02-20/Silver-to-go-to-19-next-and-gold-doesn-t-have-to-do-much-says-Peter-Hug.html


... I also just finished reading Alistar Macleods new article (whose opinion i also respect quite a bit) ... and he figures the global economy is on the verge of tanking much quicker/harder than most realize;
https://www.goldmoney.com/research/goldmoney-insights/will-covid-19-lead-to-a-gold-standard

Imo; It could be that the "1% of the 1%" type people with key "on the ground" intel around the world see/confirmed extensive supply chain shock Macloed is forecasting and are grabbing financial insurance in the form of metal in large quantity b4 the SHTF.

Actually, 55x the volume on the CDN side

The volume is coming in on the CDN exchange ... 5x the volume than the US side today

Almost all buying going into the close ...

Anyone have a theory on what specifically is propelling Gold higher while at the same time the $USD is putting in a monster rally?

Looks like the crowd or a fund(s) are starting to come into TSK.

I'm mostly just trading charts/price these days ... currently scanning several hundred explorers/juniors and narrowing them down to a few of the best chart set-ups for the next time Gold spot-price takes a run at hard resistance.

From what I can see on Twitter, it looks like we are going to soon be getting news that the lawsuit that has been hanging over this company like a dark cloud for the past couple years is now finally settled - the company can now finally move decisively forward.

I do my own research ... currently tracking 30 crypto related stocks ... I'm already in/out of HIVE.

If the Bitcoin price keeps rallying until the "halving" in 2 or 3 months, there's no rush.

Thanks ... if that's the case, the $BTC sector could have a nice little run over the next 2 or 3 months.

I've been reading a number of Crypto analysts that have been saying when Bitcoin does it's "halving" in 2 or 3 months, the BTC price should double - do you guys think that's accurate or overly optimistic?

Reading the new WDLF filing from yesterday - it looks like they are getting ready to do a huge round of convertible debt financing ... I guess they need a pump to dump all the new shares ... it's all there in black & white in the new filing ...

https://ih.advfn.com/stock-market/USOTC/social-life-network-qb-WDLF/stock-news/81714384/information-statement-all-other-definitive-def-1

Could be a early stage HIVE Blockchain style run in the making .... but it took aprx. a week for HIVE stock to transfer into stronger hands before it went parabolic the following week ...

Did someone really just short a million shares? - would be ballsy at this current time, imo ...

https://twitter.com/Charles00240183/status/1227297053195112448

They can't really R/S much anymore - not many shares left.

The big cost is related to the de-watering and environmental issues related to the de-watering - don't know the amount yet ... haven't bought yet - waiting for the Gold price to firm up a bit more.

Caledonia Mining share structure on TSX only 11.4 million shares ... I suspect US listing also tight share structure, dangerous territory for shorters right now, imo.

Thanks ... I had NEE/NHVCF on my watch list ... will add the other 2.

Chinese Silver miner (Silvercorp) with operations in China takes a huge hit today ... be careful which jurisdiction your stocks operate in ... another Chinese miner; Minco Silver could take a hit soon ...