Updating the early May chart of the Junior Gold Mining Index, the bullish trend continues with the stock up ten-fold since the early February Buy Signal. This Elliott Wave count suggests a new leg up reaching into the $400-500 range. A counter-trend decline would present an excellent buying opportunity, but there has only been one short-lived decline all year.
This is our May options portfolio, all trades based upon our unique trade management methodology. The signals shown on the table were all generated in real time and immediately communicated to members of the short-term trading service. “The 30% Solution” exit strategy takes the first 30% of profits and exits the trade. Our “Staggered Profit Taking” exit strategy takes only 1/2 of position off at +30%, leaving the remaining half on for further gains. As is shown on the table, both exit strategies are having a great month.