Nightly Briefing 6/1/20


The first day of every new month sees capital flow from pension plans, defined benefit plans, and many other funds. We saw some of that today but the next 1-2 days may be challenging to make any real headway through 3070 SPX. A breakout over 3100 may wait until after the June FOMC meeting next week on the 9th/10th.



We will look to sell  NUGT in the coming 3-10 days before a reversal occurs. Expect the junior miners and silver to top shortly with NUGT. After we sell our position, if one wanted to remain in the trade until they see a reversal a hedge in our opinion would be recommended. We will discuss this in the next few days. A good trader’s job is not to "get it all” but a large slice of the move. It’s impossible to get it all 99% of the time - the risk holding a position on its last legs frequently outweighs reward and there are too many profitable trades on the horizon to lose capital. The continued moves coming up in the metal’s markets over the next 3-4 months will be capable of changing people’s lives. These are moves that occur once every 15-20 years. The profits in metals easily generate more returns than the stock market when the environment is right. We're glad you have the opportunity to experience one alongside us; some of our staff have traded through several of these parabolic moves. The coronavirus has poured gasoline onto these upcoming moves and they will be greater than we have  expected.

A super spike up to $1900 is possible but would require a binary event that our system does not currently see. We favor gold staying in the box above until we get a more meaningful correction later in June. This will be the fuel for more upside. June is one of the weakest seasonal trading months for precious metals. Last June the trend was up in a big way but it's highly unlikely to expect lighting to strike twice. Look for the bullion banks to manufacture what appears to be a breakout, near $1800, and have retail traders chase before they quickly pull the rug out from underneath as traders think gold is headed north of $1900. Then the real move will begin.


Our two new positions in X and BLMN are in profit with more upside expected short and medium term.


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HFZ



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Important Disclosures: Investing in the financial markets can involve considerable risk, including loss of principal. Past performance is not necessarily an indication of future performance.  Actual clients may achieve results materially different from the results portrayed.  All material is for informational and educational purposes only and is not investment advice and is not meant to suggest that any securities are suitable investments for any particular investor.  All information reflects our own actions, beliefs, and processes for purely informational purposes. HEDGE FUND Z LLC IS A FINANCIAL BLOG FOR THE SOLE PURPOSE OF EDUCATION.  HFZ does not represent themselves as acting in the position of an investment advisor or investment manager for funds that are not under their direct control and fiduciary responsibility. 

 

Third party quotes and information may not be representative of the experience of HFZ customers and do not represent a guarantee of future performance or success. Many of the results displayed on our website were achieved using leverage, such as 2x or 3x leveraged ETF's or equity options 

 

The information included at HFZ and HFZ writing, research, and updates is prepared for educational purposes and is not a solicitation, or an offer to buy or sell any security or use any particular system.  Information is based on historical research using data believed to be reliable, but there is no guarantee as to its accuracy. HFZ does not represent themselves as acting in the position of an investment adviser or investment manager for funds that are not under their direct control and fiduciary responsibility. HFZ will not provide you with personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio or securities, transaction, investment strategy or other matter.  

 

No information, nor any opinion expressed on the Site or in the Services, shall constitute a solicitation or an offer to buy or sell any securities mentioned therein.  The information presented on the Site and in the Services has been prepared without regard to any particular investor's investment objectives, financial situation, needs, capacity, and trading ability or experience. Accordingly, you should not act on any information on the Site or in the Services without obtaining specific advice from your financial advisors and should not rely on information herein as the basis for your trading and/or investment decisions.  HFZ cannot claim or represent that any of our Services are suitable for you. 

 

By your use of the Site and Services, you're agreeing that you bear responsibility for your own investment research, trades, and investment decisions. Only you can decide whether or not a trade is right for you and you agree to be liable for any trades you initiate at your brokerage using research and/or tools that we provide. If you ignore our advice to do independent research and choose instead to trade solely on information, analysis, alerts or opinions found in our Service or website, you have made a conscious, willing, free, and personal decision to do so. You also agree that HFZ, its directors, its employees, subsidiaries, affiliates, and its agents will not be liable for any investment decision, trade made or action taken by you and others based on news, information, opinion, or any other material published through our Site and Services.  

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