New Position – February 18 Update – TTT Subscriber Content
DJIA lost 165 points to start this holiday-shortened trading week.
Westwater reported its 4th quarter and 2019 results this morning, and after studying those we’re willing to take a position.
We’ll buy Westwater Resources (WWR in the States) if it trades back up to $2.50 or above, with a buy stop at $3.00
If entered, we’ll place an initial sell stop at $1.90 on an intraday basis.
DGP posted its highest close since we entered it in November of 2016, just two weeks before the lowest level for gold of the past 11 years when we turned very bullish while the world was black-bearish.
No change in our sentiment or outlook. We presume the dominant trend in global equities is intermediate and long-term bearish unless we see new decisive all-time highs in all major indexes including Dow Transports and Russell 2000 Small-Caps.
Mega Uranium (MGA in Canada) may be next on our list of desirable uranium companies, depending what happens in the sector within the coming days or weeks.
As mentioned last Monday, we’re still considering a 3rd LL position however we’d prefer not to add to it until general markets have endured a very long-overdue significant sell-off.
Open Positions
WWR – buy stop at $2.50 with a buy limit of $3.00 If entered, initial stop at $1.90 on an intraday basis.
LTBR – bid up to a maximum of $3.20 No stop on this position for the time being, should it be filled.
DML (in Canada) – buy stop at $0.51 with buy limit of $0.56 If entered, initial stop at $0.41 on an intraday basis.
NXE (in Canada) – opened at $1.53 on February 13. Initial stop at $1.29 on an intraday basis.
CCO – opened at $11.81 on February 11. Initial sell stop at $10.40 on an intraday basis.
LAM – opened at $0.22 on February 12. Initial sell stop at $0.17 on an intraday basis.
DGP – opened at $25.87 on November 02 2016. No stop until our Gold Trend Indicator (GTI) turns bearish.
CANE – opened at $6.65 on November 04. Stop at $6.79 on an intraday basis.
TBT – opened at $24.35 on September 09. Initial stop at $22.60 on an intraday basis.
TZA – opened at $34.76 on January 23. Initial stop at $32.20 on an intraday basis.
VXX – opened at $42.60 on January 07 2019. No sell stop for the time being.
VXX (2nd position) – opened at $13.75 on January 24. Initial stop at $12.90 on an intraday basis.
QID – opened at $36.15 on September 05. Sell at $58.35
LL – opened at $8.75 on November 14. No stop.
LL (2nd position) – opened at $9.46 on December 09. Sell at $11.40
FNMA – entered at $3.08 on June 03 Initial stop at $0.95 on an intraday basis.
FNMA (2nd position) – opened at $3.11 on December 10. Initial stop at $0.95 on an intraday basis.
FNMA (3rd position) – opened at $3.49 on February 12. Initial sell stop at $2.95 on an intraday basis.
SJB – entered at $21.85 on May 08. Initial stop at $19.90 on an intraday basis.
SJB (2nd position) – opened at $21.59 on August 05. Initial stop at $19.90 on an intraday basis.
SJB (3rd position) – entered at $21.21 on November 21. Initial stop at $19.90 on an intraday basis once entered.
DMNXF (or SYA in Australia) – opened at $0.025 USD on November 05 2018. No sell stop.
Indicators
GTI (Gold Trend Indicator) : Bullish
Weekly: bearish, 29570 Moderately aggressive investors, trading or hedging on an intermediate basis, who follow the Weekly Indicator may find it prudent to be hedged or net short if the DJIA is trading below this pivot level. Reminder – we do not have a change to “bullish” or “bearish” unless the DJIA closes the calendar week above/below this pivot level.
Monthly: bearish, 29375 Conservative investors, trading or hedging on a longer-term basis, who follow the Monthly Indicator may find it prudent to be hedged or net short when the DJIA is trading below this pivot level. Reminder – we do not have a change to “bullish” or “bearish” unless the DJIA closes the calendar month above/below this pivot level.
NOTE : Speculators and frequent traders will prefer to use the Daily or Weekly Indicator as trading or hedging pivot points, while longer-term investors may prefer to consider only the Monthly Indicator.
Gold & Silver Penny Stock Basket
A basket of tickers trading in Canada on the Vancouver Venture Exchange, suggested on December 27 2019, that we find particularly compelling and have relatively low floats (number of shares outstanding) which should magnify potential gains if speculative capital flows into this sector.
Until that may happen we consider these like lottery tickets or call options that won’t expire, so will not employ stops and as a result suggest only small amounts of highly speculative capital is appropriate for such positions. For example, consider spreading the amount normally put into a single position like JNUG into all of these in equal portions:
LRA – Lara Exploration – www.laraexploration.com
WA – Western Atlas Resources – www.westernar.com
TR – Troubadour Resources – www.troubadourresources.com
BTT – Bitterroot Resources – www.bitterrootresources.com
FG – Falcon Gold – www.falcongold.ca
Positions Closed in 2020
VXX (3rd position) – entered at $15.56 on December 30. Stopped at $14.70 on January 02, -5.5% in 2 days.
QID (2nd position) – opened at $25.52 on December 02. Stopped at $22.90 on January 02, -10.2% in 1 month.
QID (2nd position) – opened at $23.50 on January 06. Stopped at $22.35 on January 08, -5% in 2 days.
VXX (2nd position) – opened at $16.46 on November 29. Stopped at $13.95 on January 13, -15% in 6 weeks.
SDOW – opened at $38.42 on January 06. Stopped at $36.60 on January 13, -4.7% in 1 week.
USLV – opened at $80.00 on December 12. Stopped at $89.95 on January 14, +12.4% in 1 month. (+25% at the high)
JNUG – opened at $66 on December 23. Stopped at $73.74 on January 28, +11.7% in 5 weeks. (+35% at the high).
FNGD – opened at $9.25 on January 27. Stopped at at $7.90 on February 03, -14.5% in 1 week.
SDOW – opened at $36.40 on January 24. Stopped at 34.56 on February 06, -5% in 2 weeks.
Click here for the tally of closed position in 2019, representing an annualized gain of 15%
Click here for the tally of closed positions in 2018, representing an annualized gain of 10%
Click here for the tally of closed positions in 2017 representing an annualized loss of 13%
Click here for the tally of closed positions in 2016 representing an annualized gain of 40%