I try. Thank you. I am not sure anything I say will hold up in a court of law but I believe I make a little sense. A little more on the cycle if you can stand it. This is not a gold stock according to its trading pattern both volume and price action. Gold stocks are at the bottom of the IBD industry group list. And I mean the very bottom! like 185 out of 197. This group, "mining ore" is number 7 out of 197 industry groups. And the most positive thing about it is that it took months almost a year to go from the last to the 7th. What that means is that over the past year smart money have been buying into this group. And when you look at a year chart you see these symbols taking off like rockets. But if you go back five years the same symbols are JUST NOW reaching a five year high which is EXACTLY what you want to see in a commodity stock. This means that unlike some precious minerals like uranium, stocks in the lithium, copper and iron group for instance have formed these beautiful long term bases and the super big money has taken their position. Now come the mutual funds for a while then come the uber and LYFT drivers giving advice to buy in and that is when the run will be over. Disintermediation definitely is playing a hand in why these stocks are taking off so early in the cycle but the way I see it, it only gives us more time to scalp and play over and over again.
The short term rally over the past year in all these stocks, and I have looked deeply into about thirty of them, the short term rally is because of the disintermediation, and that makes the chart look scary. This is why I think I will continually hold about half million but scalp for the rest.
Peace my friend. I hope your cup runneth over.
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