Kirkland Lake: The “Amazon” of Gold Stocks?

Seeing lots of posts about KL lately, and wanted to share an update from the Nasdaq 100 perspective and my brief strategy. I’m in KL from 21.06 and have a +60% gain on my shares bought on October 12th, 2018, but I know some Goldtenters who are in from 5 or less. KL has appreciated over 1,300% since October 2015! Compared to a 75% gain for the Nasdaq 100.

Long term ratio of KL vs the Nasdaq 100 reveals an unbroken uptrend channel from early 2016. However, a strong uptrend became even stronger as the KL:$NDX ratio broke out of the top rail of the uptrend channel in December 2018. Indeed, while the Nasdaq 100 and broad market tanked from the beginning of October into December, KL’s shares showed the opposite behavior: posting higher monthly closes from October through February.

My simple plan for my shares is to continue holding until I see a weekly close below the top of the gap in the KL:$NDX ratio from November/December 2018. My bullish hope is that the ratio doesn’t fill that gap, but instead maintains the breakout above the top rail of the uptrend channel. Filling that gap would indicate to me that KL may have stopped outperforming the broad market, so that would be my exit plan if needed. For now, keep “HODLING” I suppose. -Harry

UUP 2 Hour

The rising channel turning out to be a halfway pattern to the upside?

Would tie in with the possible IH&S turning out to be an actual one.

The Key to Our Long Awaited Gold Bull

Is Here

Rambus Late Friday Night Chart

for members ( so far)

https://rambus1.com/2019/03/23/late-friday-night-charts-100/

This one gives me goosebumps

Record Daily & Weekly Volume In TVIX

Inverted yield curve guaranteeing recession? Maybe not.

There cannot be a recession without a pullback in services. 

Finance & Insurance Hit it Out of the Ballpark, No Slowdown in the Huge Services Sector

Google

Classic right shoulder backtest complete? Weekly Close below 990 would confirm NL break. Bulls hoping this is a rectangle consolidation.

Run to the hills or BTFD?

You make the call!

I would either BTFD or hold steady….I am holding steady…But I loved this song back in the day!

My thinking is it will again soon…..

GOLD vs DOW – Game on?

GDX Monthly is still looking solid, with improving money flow and strong ultimate oscillator.

Remember – HUI Has Broken Out

This chart remains very bullish, and suggests the miners could be preparing for a large move…