The silver miners and junior explorers continue to hang in there, in the face of short term overbought technicals. I wouldn’t be short a chart like this, would you? To me, it looks like SILJ is getting ready to find a new trading zone above current prices. Price is above all the moving averages, which are spreading out as they trend higher.

Just a quick post to prove metals and miners are in a bull market. Here are three more of our holdings, and there are many others I will try to show in future posts. The point is that the bull is strong, and very much alive, with much more upside to come. I posted our largest holding the other day, Coeur Mining, which continues to make new multi-year highs today. Even though we are up a lot in these names already, I refuse to sell any shares on that idea alone. Stocks like CDE could double from here, then double again, easily putting the stock up over $33 per share. But remember, for exponential gains that produce “10 baggers”, the earlier and cheaper you have your positions, the easier it is to make multiples on your investment. While they public still has not begun to chatter about the miners, much less chase them up in a buying frenzy, its still not too late to get involved!

Here we see daily charts of SSRM, ASM, and NGD, all big winners for us already, but like CDE, they have much, much more upside to come. Bull markets in miners are something to behold, they rise fast and furious, so far these gains have been relatively tame, but the window is closing on where professionals would be willing to buy. I’m quite sure several of the pros already own miners, with more to come, as other names are showing promise that they will be next to fly. First Majestic (AG) comes to mind, as well as SVM, PAAS, EXK, AYASF, and even the junior explorers have perked up. Own them while they are cheap!

No need to write me that my trendlines are off, I draw them very loosely and don’t use them in my entry or exit orders, only to illustrate the direction of the general trend. I also forgot to add that I recently purchased SLVR, Sprott’s new silver miner etf that also has nearly 20% in PSLV, the physical silver etf by the same company. I like the portfolio, for those looking to get exposure to real juniors and want to diversify among the group, but don’t have the time to keep up on so many individual junior explorers and producers. We are still heavily weighted in the mid-cap producers as they have started to take off higher. I expect that to continue and then we should see the juniors get their day in the sun, some like DSVSF already have rocketed, but many more juniors should follow as the bull matures. We are right in the sweet spot at the moment, its time to get involved or forget the idea altogether, but I think passing on this opportunity will be something to regret.

Just what we want to see, all resistance getting out on the weekly chart, with the MACD sporting a wide-open “mouth” ready for more. The stochastics are getting overbought, but they have not crossed lower yet, and it strong bull moves they often get embedded in overbought territory. We can’t know if this is one of those times or not, but the breakout is signficant no matter what, and next resistance doesn’t show up until the $11.50-$12 area, after that the $16 area might provide a little resistance, however both levels won’t cap CDE for long, then its off to the all-time highs up near $50. Only small pockets of resistance here and there along the way, like the $32-$37 level, but by then we will already have a 10-bagger (10x our investment) on our hands. CDE is our largest holding, and they just announced a $75 million share buyback, and Chariman Krebs said “after years of heavy investment, Coeur is now in position to return capital to shareholders”, just what we want to hear at this point in the cycle. The company get 70% of revenues from gold, 30% from silver at the moment, and in another year or so, it will be 65% gold and 35% from silver, maybe more after the SILV acquisition.

And for a bigger picture, just to see how much potential CDE still has in this bull market, take a look at it’s monthly bar chart (log scale). Note the stochastics have just crossed higher, while the MACD has just opened wide again. This stock can really run, when it decides it’s time. It’s still not to late to capture some huge gains in miners like CDE, but early buys are low prices arer what compounding and exponential gains are made of, so make up your mind soon!

I’m happy to report that the bull market in metals and miners appears to have resumed, after a short but strong shakeout that has left many bulls on the sidelines, patting themselves on the back for avoiding a little pain, while forfeiting positions that they now find difficult to buy back. If they won’t show you their actual brokerage statements, odds are they are not making the gains they claim.

Here is a case in point, a quick glance at one of our holdings, would leave the reader thinking “so what? its going up, but nothing spectacular”. Discovery Silver is already up 401% in our accounts, with that common-looking chart, and also not how many times it would have been easiest to ring the register. But that lis not how four-baggers (4x your investment) are made, because the temptation and fear push a person to feel great taking profits at 100%, and if not then, for sure at 200%, you get the point. But each of those levels doesn’t sound too attractive when just 6-10 months later you would be up 400%. The best part is, this stock could easily double from here, and while buyers today would ounly double there money, we would be up 800% at that point. The point is to let your winners run, things go way higher and way lower than anybody could imagine, so cut your losses as well. Don’t settle for a double when you have a ten-bagger or more in your hands. And it just made new bull market highs, its going a lot higher is my bet, and there are many more like it, don’t miss the opportunity in miners, because the window on low-risk entries is closing.

Just a quick update, will you be ready to buy or add to positions soon? Can GDX go lower first, sure it can, but many of our miners continue to make new all-time highs each day, or at least new 52 week highs, and this is happening with the two major etfs GDX and GDXJ experiencing outflows still, every week this year! Its as if nobody is involved, the recipe for gigantic gains over the coming years. Pay attention to guys like Michael Oliver and Graddhy (on X, aka Twitter), they have navigated the bull quite well thus far, and before I forget, James Flanigan from the Gann service is another professional to follow.