Teasing the Miners (Gratuitous Promo)

In the first part of this evening's StockWaves webinar we thought we would give a sneak peek at what we have been tracking on the Miners & Metals in the Mining Stocks service.

Did you know that you have access to the mining stocks service at a 50% discount when added to StockWaves?

Whether this accelerates as a full on breakout or sets up for some more consolidation soon, this is the prefect time to come and join us as we wade through over a hundred individual miners charts; from the the big guys like GOLD & NEM all the way down to some of the nano caps we follow like VGZ.

As discussed in the webinar our ideal counts are coming into the next resistance regions: 26/27 GDX, low 1400s on GC, 36/37 on GDXJ & 78/80 on C.TXGM.X. These can count as the fifths of LDs off 2018 lows for wave one of the three, or as the a wave in the 3 of a larger LD for (1) in GDX/J and a possible i of 3 of (3) in GC. SOME consolidation from those regions is expected, but depending on which path the decide on it will either be one degree smaller or one degree larger than the recent Feb-May consolidation.

We remain VERY bullish long term, and see a tremendous amount of upside ahead. Many individual names are still just starting waves 1 of (1) of larger P.3 so there is plenty of meat on the bones. As discussed some of the ambiguity seen in the GDX can be explained by looking at the various "factions" within. Some of those individual names clearly argue for the 3 of the larger LD for (1), while some say 5th of (1) completing, and a few others can be more immediately bullish. The benefit of the Mining Stocks service and MP is that you can optimize your own portfolio to take advantage of the nuanced clarity of those charts while maintaining broad sector exposure.

GDX - Big Macro Clean - Jun-20 1631 PM (1 day)
GDX - Big Macro Clean - Jun-20 1631 PM (1 day)
GOLD - Primary Analysis - Jun-20 1644 PM (1 day)
GOLD - Primary Analysis - Jun-20 1644 PM (1 day)
CDE - Primary Analysis - Jun-20 1653 PM (1 day)
CDE - Primary Analysis - Jun-20 1653 PM (1 day)
RGLD - Primary Analysis - Jun-20 1645 PM (1 day)
RGLD - Primary Analysis - Jun-20 1645 PM (1 day)
QSI# - Primary Analysis - Jun-20 1630 PM (2 hour)
QSI# - Primary Analysis - Jun-20 1630 PM (2 hour)
QGC# - Big Macro Clean - Jun-20 1627 PM (1 day)
QGC# - Big Macro Clean - Jun-20 1627 PM (1 day)
QHG# - Primary Analysis - Jun-20 1643 PM (1 day)
QHG# - Primary Analysis - Jun-20 1643 PM (1 day)
QGC# - Alternate 1 - Jun-20 1628 PM (30 min)
QGC# - Alternate 1 - Jun-20 1628 PM (30 min)
Zac Mannes is a senior analyst at ElliottWaveTrader.net and co-host of the site's Stock Waves service, which provides wave alerts and trade set-ups on individual stocks.