016. PIGGISH PLAY - Long Agnico Eagle Mines (AEM)
Gold mining stocks are set to pop sometime this week or next. AEM is, in my not-so-humble opinion, the best of the bunch when you compare top and bottom lines.
However, the only bottom line that matters is that this stock is in the middle of its cubed-third wave on the daily timeframe, and in the middle of its quartic-third wave on the weekly timeframe.
Basically, AEM's current price trend is the solution to the movie Inception, which is why I am going to long it either tomorrow afternoon or Thursday morning, depending on how the market shapes its weekly close.
Add to this very-transparent-third-wave-trend a mighty tailwind known as the FED minutes, and we have ourselves a winning trade.
- Perma_Eagle
AEM
GOLD
XAUUSD
However, the only bottom line that matters is that this stock is in the middle of its cubed-third wave on the daily timeframe, and in the middle of its quartic-third wave on the weekly timeframe.
Basically, AEM's current price trend is the solution to the movie Inception, which is why I am going to long it either tomorrow afternoon or Thursday morning, depending on how the market shapes its weekly close.
Add to this very-transparent-third-wave-trend a mighty tailwind known as the FED minutes, and we have ourselves a winning trade.
- Perma_Eagle
AEM
GOLD
XAUUSD
Trade active:
Entered half before close. Entering other half on the open tomorrow.
Gold is about to go much higher.
Gold is about to go much higher.
Order cancelled:
Sorry pals. The market looks weaker than I had imagined it would today. Also, gold should have gone solid green by now, if not parabolic. It is not.
Doesn't mean this trade won't work out or that I will be out of it completely today.
I just can't recommend a long equity position to anyone given how dangerous the environment is. Believe me, I watched the entire Asia session.
Instead, I will probably be more concerned with sizing up my longer-term short position.
Good luck,
- Too Piggish for this Play
Doesn't mean this trade won't work out or that I will be out of it completely today.
I just can't recommend a long equity position to anyone given how dangerous the environment is. Believe me, I watched the entire Asia session.
Instead, I will probably be more concerned with sizing up my longer-term short position.
Good luck,
- Too Piggish for this Play
Trade active:
Can long this on Monday for a one-two day trade.
Would take profits if you see the market tanking because gold/silver will likely tank alongside it temporarily.
It is wishful to think that gold/silver will completely decouple from the indices, but I'd confirm that first before holding calls.
GL
Would take profits if you see the market tanking because gold/silver will likely tank alongside it temporarily.
It is wishful to think that gold/silver will completely decouple from the indices, but I'd confirm that first before holding calls.
GL
Trade active:
I guess the third time's the charm when the dollar and gold get decoupled?
Why the two de facto opposites had a near perfect correlation over the past week(s) is beyond Powell's understanding of inflation.
But, gold looks to have either bottomed just now or is in the process of doing so. Thus, I will be loading the metal derivs, which of course, has Agnico at its core.
Long it now with contracts or equity and its a very high prob play.
When the Dow is raging and gold catches a sure bottom, gold miners are the singularly best asset to trade long (aside from tesla). When there is any kind of different market environment, gold miners are pretty much the worst deal on wall street.
Take advantage while you can.
Why the two de facto opposites had a near perfect correlation over the past week(s) is beyond Powell's understanding of inflation.
But, gold looks to have either bottomed just now or is in the process of doing so. Thus, I will be loading the metal derivs, which of course, has Agnico at its core.
Long it now with contracts or equity and its a very high prob play.
When the Dow is raging and gold catches a sure bottom, gold miners are the singularly best asset to trade long (aside from tesla). When there is any kind of different market environment, gold miners are pretty much the worst deal on wall street.
Take advantage while you can.
