[briansmith456]

My daily scans remain littered with Gold and Silver stocks too numerous to bother posting, as they continue to make new highs and continuation moves. Low risk entry points have been hard to come by though, unless you managed to catch the continuation breakout in late May / early June in Gold, after the pullback to the 30 week MA. It is a good example of how fast Stage 2 continuation breakouts can move if there's strong volume coming into a sector., and what is known in the method as the "Forest to the Trees" approach. See page 75 in the book.

Attached is the Gold / S&P 500 ratio for a long term view of whether the relationship is tipping toward gold over stocks. If it completes the current monthly new high above the 30 month MA, it will be the first breakout since the gold bear began in 2012.

Lots of these tiny miners making big moves daily (caught one for 30% today-BBB.V) but like you say high risk entry for many of them as most very extended from their 10 sma on the weekly. I am hoping very much that GDX and GDXJ will soon start to pull back some towards their weekly 10 sma to give us a chance to get into some names at lower risk. Maybe they just keep ripping higher...

For interest sake my friend uses only Elliott wave  analysis and based on his analysis he sees GDX going to about 30.50 roughly and then pulling back to around 26. Let's see if his voodoo does its thing.

Brian