june 16 JMU

Juniors PGEN Marines Update (JMU).

(Pronounced “JAYMEW”)

 

 June 16, 2016

 

 Junior PGEN Marines Update 

 

  1. Please click here now: https://galacticjuniors.com/wp-content/uploads/2016/06/2016jnu16gldx.png That’s the GLDX daily chart. There’s a FLAG pattern in play.
  2. GLDX is up a stunning 170{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} from the December lows.
  3. Please click here now: https://galacticjuniors.com/wp-content/uploads/2016/06/2016jun15gldx1.png  That’s the top holdings list of the GLDX gold explorers fund, which really should be the flagship ETF of the junior gold stock community.
  4. One of you asked about First Mining, and if it could be part of one of the junior portfolios. It’s by far the biggest GLDX component.
  5. Please click here now: https://galacticjuniors.com/wp-content/uploads/2016/06/2016jun16ff1.png That’s the daily First Finance chart.
  6. The chart looks “explosive”. Price is coiled in a big symmetrical triangle that per Edwards and Magee has a 67{7d2759035a2769ee7a6afa7c646e6642b67314b0cd0e17ac0c6ae4f965ff87d9} chance of staging an upside breakout.
  7. You can be a buyer every 10 cents down in a $3 to zero pgen, or every 5 cents down in a $1 to zero pgen, or both, if you want to make one a core position pgen, and the other a trading action pgen!
  8. First Mining has a portfolio of exploration properties, and solid management.
  9. Please click here now: https://galacticjuniors.com/wp-content/uploads/2016/06/2016jun16jag1.png That’s a bull flag, for you and your JAG!
  10. Some investors have bitter reverse-split memories of Jaguar, but for gamblers, and for those who keep a reserve tank of capital just for reverse splits, as I recommend, you can be pgen marines on every 1 cent decline on the buy, and sellers of your trading positions every 2 -3 cents higher!
  11. GoldLion has a new pick. Gainey Capital.  It’s done nothing in 2016, trades around 15 cents, and both Goldlion and I like a rough 20 cent to zero pgen on it.  GL has some insight into some things that could make it a 3 bagger or more over the next year or so.
  12. Here’s the Gainey website: http://www.gaineycapital.com/ I’ll add it to the Max Risk Portfolio, and I’ll add First Mining to the Golden Monsters portfolio.
  13. For those who want to “get more aggressive” with gold stocks, here’s my suggested tactics: Wait for a recoil from $1523 sell-side HSR (horizontal support/resistance).
  14. $1320 is sell side HSR, and once gold takes that out, and begins the road towards $1523, the $1307 highs will become major support.
  15. A price of $1523 will be a game changer for gold company profits, and $1320 is still excellent.
  16. Also, much more progress will be made with respect to the revitalization of the Indian farmer, the US business cycle will be older if not dead, and Chinese investors will be very enthusiastic about gold again.
  17. Also, China will have made material progress with the SGE and Dubai.
  18. So, good times are coming, but let’s be patient and try not to have an accident, by rushing them. The first order of business for your Queen is to get past the Brexit.  The second is to take out $1320 and stay above their after a sell-off.  The third order of business is to get India back in top buying form. 
  19. Once those three things are done, you should be in pretty strong financial and emotional condition.
  20. Gridtime! Please click here now:  https://galacticjuniors.com/wp-content/uploads/2016/06/2016jun16mux1.png  Rob McEwan’s MUX may be at a short term peak, but with the Brexit action, ANYTHING is possible.  Aggressive pgen buyers can go to work in the $2.80 to $2 range, if price goes there!  Lastly, Sabina was hit with a big delay for their Arctic gold project in Canada, hammering the stock.  I would be a pgen to zero buyer here, but not with size, until there is more positive news forthcoming from the government in regards to reassessing the environment impact on the Caribou.  The Sabina action is reason number 1 zillion why only the pgen to zero can work with junior resource stocks!  Let’s hit their gridlines now.  I’ll see you there!

 

Kirk Jr. on the gold explorers bridge, out! 

Thanks!

           Cheers

           St

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