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GOLD AND SILVER STOCK CORRECTION OVER: BUY GOLD AND SILVER MINING STOCKS

|Includes: BHC, CDE, Harmony Gold Mining Company Limited (HMY), SA

DAILY CGTS REPORT

Jun 07 11:54 PM•HMY, AGComment!

Disclosure: I am/we are long HMY.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

All of our systems today were deluged with BUY SIGNALS for gold and silver stocks: AG, CDE, NEM, SA, HUI, XAU, SSRI, SLW. I guess it is safe to say the correction in the precious metals is over. Or is it? It is always wise to remember that the FED is a gigantic hatchet poised over the head of the gold-bugs. I say we are safe until 2019 -- but I say that with a slight trepidation. The FED can't ruin the celebration -- but they can make it more or less painful for those of us transfering our faith from liberal monetary policies to the harder assets. For me this is not a permanent love. But I think this will be a legendary love for the next to years.

We want to be cautious while 'expecting' a markety top in June -- and our expectations of more shortsell signals are being fulfilled.

Today TEVA is a short, along with CBPO, China Biologic, and CHIX, the China Banks ETS. Does this mean China Long is getting long in the tooth. We are watching this, tempted to take some profits off the table. But not yet.

Our favorite LONG today is HMY, Harmony Gold Mining; we also like SA, Seabridge Gold.

Very pleased that our short position in VRX has finally started to pay off. I hope some of you are still with us on this.

We took some profits in our VIX "trading" systems today -- small profits in UDOW/SDOW. This does not mean our sentiment on UDOW has changed.

Column1 Column2 Column3 Column4
       
CGTS TRADING SYSTEMS    
2015 Top 3 Systems 52.14%  
2015 All Systems 25.90%  
       
2016 Top Systems 20.18%  
2016 ALL Systems 17.54%  
       
Began Trading TRADING SYSTEMS  
    TOP SYSTEMS  
1/1/16 17.14% EMV ASP REMAKE 2016 *  
1/1/16 11.67% PROP1 EMV LT REV FF  
1/1/16 47.89% T11 RSTD M4 21 BASIC  
1/1/16 29.44% PROP1 LBACK TRADE  
1/1/16 19.58% MA 5/C Trade Plus  
1/1/16 16.72% CGTS L_DIF ASP 22 2016  
       
       
Began Trading TRADING SYSTEMS  
4/22/16 8.50% T11 RESIST TRADE  
4/22/16 7.84% T22 RESIST TRADE  
5/22/16 4.10% VIX 1  
5/22/16 1.88% VIX SS COMMON  
5/22/16 7.47% VIX 2  
       
    CURRENCY TRADES  
6/6/16 24.83% VIX SS CUR  
       
       
       
    TODAY'S TRADES Close
    6/7/16  
  SALES    
       
VIX2 Long LABU, Biotech Bullish 35.37%
VIX2 Long UDOW, Dow Bullish 1.79%
VIX2 SHORT SDOW, Dow Bearish 2.04%
VIX SS LONG BRZU, Brazil Long 4.26%
       
  PURCHASES    
       
LT SO LONG HMY, Harmony Gold 3.510
    HMY NOV (18) 3.5 calls 0.750
       
VIX2 LONG BRZU, Brazil Bullish 82.430
       
LT RESIST LONG Z, Zillow 32.070
LT RESIST LONG HTZ, Hertz 11.400
       
VIX-SS SHORT TEVA, Teva Pharma 54.060
VIX-SS SHORT CBPO, China Biologics 117.040
VIX-SS SHORT CHIX, China Banks ETF 12.450
VIX-SS SHORT NILE, Blue Nile 26.380
VIX-SS SHORT KWT, Solar ETF 45.460
VIX-SS LONG SA, Seabridge Gold 13.410
VIX-SS LONG LBJ, Latin America Bullish 67.209

Best trading.

MJC, CGTS

Disclosure: I am/we are long HMY.