Aris Mining $ARMN, a $500M miner based out of Vancouver, CA:
It’s a great-looking chart: price breaking out of a multi-month base, pullback finding support at former resistance, and relative strength suggesting further outperformance in the coming months.
But Tommy didn’t mention any of those bullish data points.
Instead, he shared the fundamental story: Aris Mining is a profitable business run by serial outperformers (common themes valued by legendary investor Rick Rule).
So when a reader emailed me over the weekend asking for profit targets in ARMN, I...
It might sound silly as the widow-maker is falling back toward its mid-1990s lows.
But this is a logical level to witness a sustained rally. Especially when you consider previous cycles and where Natural Gas is trading relative to crude…
Earlier this week, JC mentioned the crude oil vs. natural gas ratio during an internal strategy session.
He tracked this relationship when he day-traded natty gas, using it as a mean reversion indicator.
Fast-forward to today, and the crude-to-natural-gas ratio is retreating from its highest level in more than a decade.
The last time the ratio hit these levels, natural gas futures ripped 225% in less than two years.
That’s what natty gas does! It also peaks and troughs – almost like clockwork – within a four-year cycle:
Notice the cyclical lows in 2012, 2016, and 2020 corresponding with the cycle highs in 2014, 2018, and 2022.
Interestingly, a seasonal component also emerges at the cycle lows as natural gas enters its most bullish three-month period (August - October). All...
Investors are dropping Gold and Silver like they’re hot.
But don’t let the sellers push you toward the exit.
It might look ugly, but a corrective period following Gold’s vertical rally to our initial target sounds about right. Plus, three of our current long positions – Harmony $HMY, Wheaton $WPM, and Kinross $KGC – posted new 52-week highs Thursday.
I expect the new highs list to expand as Gold and Silver work through overhead supply in the coming months.
Instead of sweating today’s selling pressure, I’m placing orders to buy the following two mining stocks on a breakout…
First up, Silvercorp Metals $SVM:
SVM is challenging last year’s high after violating a multi-year downtrend line. Trend line violations such as this indicate the beginnings of a bullish price reversal, while base breakouts signal an entry point.
A decisive close above 4.20 completes a double-bottom pattern, triggering an entry order with an initial target of 6.50 and a secondary objective of 16.50.
Next, we have a name JC highlighted last week during the monthly strategy session. Fortuna Silver...
Readers often ask how long it will take for an open trade to reach our target.
I wish I knew.
Only the market can answer that question, as Gold did last Friday…
Six weeks!
It was only a matter of weeks — not months, not quarters — before gold futures hit our first objective:
What a face-ripper!
If this isn’t a clear indication of a new secular bull run for precious metals, what else do you need to see?
Luckily for anyone thinking about adding to positions or locking in profits, the extension level at approximately 2,450 marks a logical area for the rally to take a breather.
It doesn’t mean it will. Nevertheless, it’s still a good idea to take some profits here.
Once buyers drive gold above 2,465, we can add to existing long positions (or open new ones) with a rough target of 3,300.
Meanwhile, Platinum and Palladium are looking juicy…
These low-profile precious metals offer excellent opportunities as gold digests its gains.
I highlighted Platinum last week as it challenges a critical breakout level. And our...
It’s easy to overlook while gold shines and silver rips. But during the last commodity supercycle, platinum traded at a premium to the famous shiny yellow rock (and still does regarding retail jewelry).