That’s right — for this week’s trade of the week, we recommended the entire metals complex as we saw the bottom of a wave 2 develop – completing 5 waves and reversing hard.
That reversal happened on Friday and the there was MINIMAL downside while we held onto the trade through the week.
We bought Silver Futures and also recommended ETFs (SLV, USLV, GLD, GDX, and NUGT)
|Symbol||Last Price||Change||% Change|
VanEck Vectors Gold Miners ETF
SPDR Gold Trust
iShares Silver Trust
Direxion Daily Gold Miners Inde
Even on June 1 –w hen silver pulled down to 15.85 intraday and closed at 16 — we noted that silver “may have bottomed today.” Indeed, it did bottom and two days later on Friday morning @ 8:30am, it rocketed up.
Gold popped up even more than silver!
The miners had a ridiculous day with NUGT up 33% and GDX up 10%. Look where we alerted our trade.
The timing of our alert could not have been much better.
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