The Significance of June 13
June 13, 2024
Historically, on average June 13 (today) is the low for the year in the precious metals miners. Since the miners were much lower in March than where they sit now, today can’t be the low, its either behind us or still in front of us. Either way, the plan remains the same. I’ve posted a couple charts below of stocks I am adding to positions, I really like BTG’s 6% dividend. I also started a fresh position in July Wheat futures (ZW), as you can see it has pulled back to some important moving averages and is oversold on stochastics, after a recent Donchian breakout in late May. I paid 620.00 per contract, and like that I can maintain a tight stop just below the 30 WK MA, limiting our risk.