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Weed Rescheduling Trading StrategyHello friends. I made a good profit from the initial announcement that weed stocks would be rescheduled because I foresaw a news event like that occuring and purchased a position in weed stocks before anything happened. Then I sold near the top, since the trade has become crowded, and now I am waiting for a good entry point again. I think that another big opportunity is coming soon, but we will have to be patient. Here is how this works: The HHS has recommended for the DEA to reschedule cannabis from a Schedule 1 substance to a Schedule 3 substance. This would have some benefits for the weed indudstry, but most importantly, it creates euphoria for traders, who rush in to buy up the stocks. And here is an interesting question to consider: Which weed stock are largely uneducated retail traders who have just learned about this news and want to ape into the trade late most likely to buy? Well, probably the one with the ticker: WEED. Purely because of the ticker, they will discover this stock in far greater numbers. This is an important concept to remember. To see another example of tickers being extremely important, look at the ticker AI, which was one of the best performers during the AI bubble that occured this year. We were able to predict the parabolic rise of the AI ticker, purely based on the fact that a bubble was forming combined with the fact that this ticker would likely be at the center of it, due to mass discovery from retail traders searching "AI" and seeing this ticker pop up first. We can see how this theory worked in practice, since while most stocks only rose 50-100%, WEED rose an incredible nearly 400%. So, when will the DEA make their announcement, which will be extremely likely to send this stock rocketing along with all other cannabis-related stocks? Well, it will likely occur within 90 days of the initial recommendation, but there is no guarantee. Government agencies are incompetent, slow, and stupid. As a result, we can't expect a reliable timeline from the DEA. What we can strongly rely on though, is that they will follow the HHS recommendation and reschedule, since this is what they always seem to do. The best strategy is to go ahead and wait this out for the next month at least, and then when the time is drawing nearer, start to average into a position on weed stocks. Over time their prices will likely continue to slowly fall, as retail idiots who bought into the peak of the weed trade eat their losses. As I have explained, my top pick is WEED, but literally anything in the cannabis industry should be expected to rally. When the news event occurs, weed stocks will likely rally sharply for a couple of days, and then the rally will be over, and they will start to fall again. We should hope to exit before they fall over, by keeping an eye on how publicized the news is so far. If everyone has already heard about it, it's over, and it's time to sell.
TSX:WEEDLong
by bowtrix
4
NDMOne of the largest copper deposits on the planet has had the environmental chokehold holding it back for as long as i can remember . Dont get me wrong, i am all for protecting our fisheries but i am also not one to snub my nose at a potential mega trend . The rumblings are getting more positive for Northern Dynasty as time goes on and i have a sneaking feeling that the "green totalitarians" actually need copper more than they love fish ... just a hunch . If this thing gets the go ahead it could be a pure rocket . As i normally do , i will ignore all news and read the chart... and the chart is saying things are looking up here . Started a position a while back and adding every pullback... including this one . northerndynastyminerals.com
TSX:NDMLong
by SilvaBull
1
CDCantex is forming a nice bullish flag formation inside of the weekly declining wedge . Cantex is run by famed geologist Chuck Fipke , who discovered the Ekati diamond mine . They have properties in the Yukon just adjacent to the recent Hecla takeover of Atac Resources Tiger deposit . I see this company as a potential takeover target as Hecla also owns Alexco's former Keno Hill project nearby which they are developing . The area is rich in silver lead zinc as well as rare elements . cantex.ca
TSXV:CDLong
by SilvaBull
GOLD MINE-Expansion GEM, ABX: The WAVE-EXPANSION Will be Epical!Hello There! Welcome to my new analysis about a Major Gold-Mine Gem I recently spotted forming worthwhile underlying dynamics that have the potential to transform the whole chart price-action into a massive expansion-dynamic to elevate the volatility to levels not far from the moon. Gold has been around for several thousands of years and with gold also the exploration that already created many historical expansion-waves in which gold mines and exploration facilities could expand over 1,000-4,000% in the shortest period of time. Especially, when new explorations proceeded in territories where gold has never been explored before making the source of a continued worthwhile exploration even greater. The Glorious Past of Gold-Mine Stocks and What Can be Derived From it For Today: Today, a time has emerged in which a gold-backed currency system could emerge again similar to the gold-backed systems and trademarks in the 20st century. Such a implementation of a gold-backed currency system is going to accelerate the exploration of gold massively and especially in such times where more and more gold is being explored this will be a transformational expansion act for companies like ABX, Barrick Gold Corporation as the gold-backed system needs to find the sources of gold to back the legal tender capital. This will be available in the mining facilities and when a large demand meets a not fully maxed out supply this will be a huge driver of price-expansions towards the upside. The Implementation of a Gold-Backed Currency System and the Effects on Gold-Mine Stocks: If a major gold-backed currency system is going to be implemented as there are many plans to this currently this will raise the demand in gold exploration literally over night and only out of this perspective it is going to setup the structure for a massive volatility expansion-wave for gold mining exploration stocks as only a small demand-increase even in a moderately sized economy-field it is going to raise the market-cap of exploration stocks to levels not seen since the gold bull-market with the peaks in 2011. Many conversion of the fiat currency into the gold-backed currency are going to drive the price of a the stock massively. The Massive Price-Expansion-Potentials to Accelerate With a Gold-Backed System Implementation, Technical Chart Price-Action: Considering the chart price-action now Gold moved on to form several important dynamic in this whole structure. Firstly it created a gigantic descending channel-formation with a momentous inverse head-and-shoulder-formation forming coherently within the channel. This is from where the gold exploration gem had the origins bouncing both within the lower boundary of the channel and the lower boundary of the inverse head from where the price-action already bounced to solid levels and is now boiling up for a much larger move and breakout dynamic to accelerate the price-action into expanding spheres. What is so important here in this whole chart is the fact that the price-action is already greatly bouncing above the 20 level where several important indications have their origins. The most important indiciation of this level is the fact that within this level the major Golden-Ratio Trend-Acceleration-Bounce-Zone is allocation. This zone is the zone between the 50% and 61.8% Fibonacci-Level as it is marked in my chart. Especially, when the new gold-backed currency system is going to be accelerated in the implementation within the next times the breakout of the inverse H-S-Formation as it is marked in my chart will be almost inevitable. Prospects and Previsions of a Gold-Backed Currency-System Implementation With the Preceeding Price-Action and Transformational Price Level: The next times will be highly important to watch out here especially when the gold-backed system should accelerate the mining facility production the completion of the first breakout as marked will move on even faster than expected, determining this, what follows once the breakout has emerged are the next accelerations of the price-action into the further spheres till the second breakout and trend-acceleration is going to shoot the price-action to major levels with the targets at at least 302.5-310 as it is marked. Also the meetings of the economies that are looking to implement the gold-backed system are extremely important to watch out especially when the gold-backed currency is being finally implemented and the demand meets the mining facilities this is likely to transform the price-action into the major expansion-phase. The meetings of those economies will be held throughout the year especially in October to November there are likely to be major news into this direction. Remember, that even the implementation of the gold-backed system in a moderate economic field is going to accelerate the price-dynamics heavily as the demand will be around 140 times more than the present unexplored supply. In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated. VP
TSX:ABX
by VincePrince
15