With an edge of 1.3% and a discount-to-expected value (DEV) of 11%, I bought back Natural Gas this morning.
We sold our stakes in GDX, GDXJ and PLTM on Friday afternoon, as each tagged their pre-determined target price..
SILJ, at time of writing, has a DEV of ~3%, so a sustained move in silver should lift it into my target zone, although SILJ has spent 10 days above its 40 day Forward Line of Demarcation (Hurstian FLD), indicating a possible trend-change. I will watch closely and revise target as the Odds Engine dictates.
I perceive value in First Majestic which sports a DEV of 20%. I added on Thursday’s downdraught when its edge was much greater than 1%.