Invincible-Chive

Long AGQ, Gold mining companies

Long
AMEX:AGQ   ProShares Ultra Silver
We are almost there with a new bull cycle.
AGQ entry price 43, but could be slightly better in the next couple of days.
personally, I am not planning on stop loss for this one but if you want, stop loss at the previous low. The first profit target should be around 55.
This is a monthly cycle trade that should happen around mid-Jan.
Comment: any pullback is a good time to add more. ideally below 40. my entry price is 42.28
Comment: The timing is almost there, there might be another small pullback this week, but as long as AGQ close above 41.5, BULL is likely back and the next two weeks is the real bull run to 55+.
Comment: Gold/Gold miner/Silver rally is really close now, if we don't break out here very soon, we are in pain for early next year.
Trade closed: target reached: 55+ target reached. Unlike prior bull cycles that silver did not do well, I believe silver will outperform gold in the Feb bull run to a new high than last Sept. Limit order set ~ 52 for re-entry.