I spent a bit of time creating these monthly and quarterly charts of silver - these go back to the early 1970's

you can see the last two times Silver hit $50, once on Jan 1st 1980 when the Hunt Brothers cornered the Silver Market (they were trying to be like the Dukes  in Trading Places LOL)

If you look at a log chart, you could see a possible HUGE ascending triangle forming. I think the next time silver tests that $50 are (3rd time) it will break through it vs being the end of the bull run. Otherwise Silver is entering into a supply zone so it may soon need a rest, notice the CCI is getting near 300, which is quite high

thanks, yes those stats are always amazing to me. I have looked at other things before such as when I had that 'Paint Dry' monthly 401K system, if it signaled a bull or bear market it made sense to not take or take certain entries. And yes adding an Election Year would be interesting for sure

Yes you know me, never enough time work, family, play, I need clones

I gave everyone a link to the spreadsheet in Google Spreadsheets - maybe one of you have might want to try and add the Election years in here to see what effect. This isn't a static image, it is the actual spreadsheet with calculations that you can copy and modify/add things

Sell In May and Go Away Spreadsheet

LOL yeah of course it will blow it away. 

The good 6 months of the year is slightly better over the long run over pure buy and hold, while the high performance blows buy and hold away along with 1/5 to 1/10 of the max draw down

weekly KISS updated as well, and emails sent out

https://breakpointtrades.com/sts_weekly/?search=BPT_basket 

yeah all the silver plays have been on fire for obvious reasons

if you want one that hasn't went parabolic yet, SSRM 

daily systems are updated. The weekly will be updated shortly - the weekly only updates on Friday for obvious reasons

https://breakpointtrades.com/sts_table/?search=BPT_basket 

SLV - Chart Link- monthly SLV

$SILVER - Chart Link- remember Silver broke out of it's bullish triangle and had a successful backtest of previous resistance turned support - that was super low risk area to load up if you were not already long

USAU - Chart Link- all the pm stocks are doing great, this was a lower priced new one I had in Wednesday's newsletter, nice pop last couple days, esp today

ha ha Steve and I know a couple guys, that's all they do, look for large level 2 offers and scalp all day - the guys are good at what they do but so fast, I tried to follow some of their trades in a chat room and when I was getting my  order in they were already scaling out LOL.  They are almost high frequency human bot traders 

 Those guys are lightning trades LOL, so damn fast - not my style, I do some day trades on momo stocks and futures, but I like to catch more swing trades  - and I'm so busy anyway interacting with customers, and working on systems, website stuff, no time for me to hyper focus all day long on level 2 scalping 100s of times

sorry I was trying to post this in time but BA just popped. here's the image, BA had a fairly large offer there at 184.18, here is shows 4103 shares offered there, but it was 7,000  - when those large offers match a resistance level, generally you get a quick pop once that offer is taken out

anyway price took that offer before I was able to post, but this can be an educational example

YINN - Chart Link- added a new demand zone below, and supply zone above

BABA - Chart Link- 

UNG - Chart Link-

DBC - Chart Link-

remember the BPGDM updates intra day now, you can always  check it anytime. No changes - just pull up the URL from a past trading community post or newsletter

also you have to think about how those trending systems work: They are going to do very well catching wave 3 trending moves, but could have a propensity to get some chop on wave 2's and 4's where they may not react fast enough or on noise.

the system caught a massive wave 3, and that reversal signal on was triggered by a wave 4.  My guess would be that if it goes back long here it will be sometime in the wave 5 - which also puts it at risk to not make much or be another whipsaw if wave 5 doesn't trend for a while. 

also keep in mind that GDX's biggest weighting is NEM, which hasn't been as strong as the others - the strongest have been the silver stocks 

hella move in the metals and stocks

EXK - Chart Link-

RGLD - Chart Link-

PAAS - Chart Link-

AU - Chart Link-

KGC - Chart Link-

IREN - Chart Link- excellent pick by MLA the other day, wasn't shown in last night's newsletter, was in my Monday newsletter but I wanted to give kudos to MLA127. 

TMDX - Chart Link- some of these trade ideas that triggered 2 and 3 weeks ago continue to trend higher, simply trail those stops up

LU - Chart Link- idea from Monday that hadn't triggered yet

$VIX - Chart Link- some nice divergence on the MACD via 2hr time frame

$VIX - Chart Link- the daily had RSI 5 divergence

As you know, mid day I sent out an alert that I was exiting 1/2 of the open MES breakout system trade. ES is about 25 points lower from that exit, too early to say if wave iv has started yet but it also could have.  Still have an open contract of course with stop in place above entry

FUTU - Chart Link haven't posted this in a while, been holding a position because of the weekly chart break about a month ago