In the spirit of a holiday shortened week I'm moving up the mid-week Update to Tuesday, with a couple of pointed reminders of how things go when we get them right. On Monday's Open we went long Silver pursuant to the most recent Weekend Update. Nothing much happened Monday, but overnight and into Tuesday's Open, Silver popped big time. So far at least, this looks like only the beginning of what could be an extended run. A good looking miner, or two, are on deck. Silver Added At Monday's Open Silver Weekly This Weekly chart projects Silver rising in a Wave 5 that should take it to between $150 and $300 over the course of the next 6-12 months. Bitcoin Bitcoin continues to unfold in its own fifth wave, unlike Silver, this one is to the downside. From here on out, this trade will be controlled not so much by chart patterns but by the trailing 50% profit stop on both our IBIT and MSTR puts. Continue to hold into the third week of July at which time we will roll one or both of these positions into Sep/Oct expirations. TSLA If $550, then $750. TSLA Sep Calls Close, but no cigar. Let's first see if TSLA can maintain the breakout past this long holiday weekend. If so, a 50% gain over the summer puts the shares over $600, and the highlighted calls become 10-baggers.
