This is the video recording of our June 3rd Monthly Charts Live Strategy Session

From the Desk of Ian Culley @IanCulley

This week, I’m cutting straight to our trade ideas.

I’ve made a table of over thirty setups (the majority trending toward our targets).

And I’ll also update a few trade ideas with new entry levels and additional upside objectives.

Let’s dive in!

From the Desk of Ian Culley @IanCulley

I’ve heard JC say it many times… 

“You guys are the smart money.”

After spending a week with clients at our Portfolio Accelerator and fielding countless reader emails, I completely agree!  

Since gold and silver prices are getting a bit wild, I decided to dive straight into the Gold Rush mailbag today to start a healthy discussion about what might happen next…

• What happened to gold/silver? Is the rally over?

-Parry

No, the rally isn't over. 

Gold is consolidating below a critical extension level following a breakout to new all-time highs. And Silver is trading just off fresh decade-highs.

In many ways, it’s just getting started.

I can’t hold a bearish or neutral bias for precious metals while Silver trades above the 2020 highs of roughly 30.

The precious metals correction wasn’t pretty last week. But I’m happy to roll with the punches as long as silver futures hold their breakout.

• Does the severity of the moves in gold really change anything as long as...

From the Desk of Ian Culley @IanCulley

Silver futures are rising to the occasion.

The silver-to-gold ratio went from posting fresh six-month highs last Monday to hitting sixteen-month highs by Friday’s close.

Silver is ripping on absolute and relative terms, and this can mean only one thing: 

Risk-on!

Check out Silver driving home an explosive resolution following a successful pullback:

The pullback is another name for a retest – a common feature following a significant breakout. (Some use the term “throwback” to distinguish the action following an upside resolution from a “pullback” that displaces a downside resolution. But they’re all pullbacks to me.)

Interestingly, top-flight international soccer uses the same term for a particular goal-scoring tactic—a player takes the ball to the touchline and then passes to a teammate at the top of the box, who waits to direct the ball into the back of the net. 

Premier League Champions Manchester City and Runners-up Arsenal successfully applied the pullback in a match last week. (One can only hope Liverpool’s incoming manager, Arne Slot, is taking...

This is the video recording of the May 2024 Mid-month Conference Call.

From the Desk of Ian Culley @IanCulley

Mining stocks are sticking their breakouts as our list of trending tickers grows. 

The Junior Gold Miners ETF $GDXJ is breaking out, platinum futures are completing a yearlong base, and the silver-to-gold ratio is posting new highs.

With risk-seeking behavior creeping back into precious metals, it’s time to turn up the heat…

Check out the silver/gold ratio printing a fresh six-month high while violating a multi-year downtrend line:

Finally, Silver is bringing it!

I won’t get too carried away by these six-month highs. But it’s a start. 

Trend reversals begin with trendline breaks. The silver-to-gold ratio is piercing a downtrend line drawn from the 2021 peak, signaling the early stages of a bullish reversal while revealing an uptick in risk appetite.

Plus, GDXJ is breaking out!

We have our levels for Gold and Silver, so let’s focus on a mining stock trading at a key area of former resistance.

Here’s McEwan Mining Inc. $MUX, a $500M gold miner based in Toronto, Canada:

MUX is pulling back to a...

From the Desk of Ian Culley @IanCulley

Stock market bulls are scooping and scoring as the Nasdaq, S&P 500, and Dow indexes all see green. 

Stocks and rocks should benefit on the heels of renewed rate-cut hopes. 

Today, I’ll outline a name that checks both boxes. 

Spoiler alert: It’s a prime candidate for a short squeeze…

Check out the precious metal trading company, A-Mark Precious Metals $AMRK:

A-Mark popped up on our freshly squeezed scan, carrying a 23.6% short interest with ten days to cover.

While AMRK proved an easy short last fall, remaining short-sellers may have outstayed their welcome. AMRK has gained more than 70% since late February. Buyers are now driving prices to the upper bounds of a multi-year range, just shy of a new all-time high.

Buying base breakouts and riding new all-times are two of our favorite trading pastimes. Plus, vulnerable bears provide an added perk as they will likely fuel an explosive rally.

If and when...

Random discovery, buying cheap, and riding the wave…

According to long-time gold mining investor Tommy Humphreys, these are three ways to score outsized returns in the junior mining space.

I’ll admit the first two strategies are foreign to me. But I can get behind riding a wave, especially when it jibes with a trend-following mentality.

Check out Tommy’s favorite gold mining stock or story, as he puts it…

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...