We've had some great trades come out of this small-cap-focused column since we launched it back in 2020 and started rotating it with our flagship bottom-up scan, Under the Hood.
For the first year or so, we focused only on Russell 2000 stocks with a market cap between $1 and $2B.
That was fun, but we wanted to branch out a bit and allow some new stocks to find their way onto our list.
We expanded our universe to include some mid-caps.
To make the cut for our Minor Leaguers list now, a company must have a market cap between $1 and $4B.
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…
I came into today's Flow Show not having much of an appetite for any aggressively bullish bets. But by the show's end, I'm putting on a straight gamble! How the hell did that happen? Watch the video above to find out.
The chart and setup that piqued my interest is this one in Riot Platforms $RIOT:
The bigger question for me is whether these new trends are here to stay, or if at some point the stock market reverts to those longer underlying uptrends that got us here.
Another question I have is which mining companies are going to lead their groups as metals continue to make new highs.
Here's a good way to view it. This is Gold breaking out of a decade+ long base to new all-time highs, resuming its secular uptrend from the 2000s.
