@bjorn2z, I can post you most (if not all) the analysis from that guy being short while gold moving from 1200 to 2000. (i saved them in my pc) He was wrong all that move up and he will be wrong again. he is 99% of the time short. I would not waste the time reading him. And it you dont believe me, you may check it in the historial files from gold-eagle.com You could find there what he was saying all the way gold was moving up
bjorn2z
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@JAY_c5velm, Actually I did read all his articles from gold eagle from 2018 to 2020, he was short in May 2019, the best time to buy miners. I had a deep negative opinion of him because of that.
BUT his new approach and new team seem to be far better lately. They have been made 9 calls long and short in 2022/2023. ALL correct. I am now overcoming my negative view of him as his new incarnation seems to be an improved one. I am grateful for your responses.
JAY_c5velm
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@bjorn2z, i dont know. It may sound presumptuous, but I dont read any newlwtters. The only guy I read from time to time is Glann Global Finantial. That guy called perfect low back in 2016 and is saying the same now. He is very cautios. Has been "confused" this last few years with a no clear entry point. But now he is calling that in miners and gold
bjorn2z
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Thanks for the update! Even though I feel like there may be more downside in GDXJ, I decided to buy and ride out the GDXJ dip to 28 or even 26 if it comes. I bought BTG, IAUX, PAAS, and SAND heavily all three days, Sep 28, 29, and Oct 2, going from 0% to 11% mining exposure (I had exited the miners in April thanks to Bajista short like hell). Stayed for 5 months and went back in. Hard. 0 to 11% exposure is pretty heavy. :-) Keep up the excellent work Sir!! My Current Allocation: 80% TBills/JAAA/PULS, 11% BTG/IAUX/PAAS/SAND, 7% SCHP/EDV/STIP, 2% EWZ/FXY, and 17% short TSLA/NVDA
JAY_c5velm
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@bjorn2z, you are wellcome. I am full in with higher prices.
JAY_c5velm
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And finally gold futures closed bloody gap...
JAY_c5velm
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JAY_c5velm
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bjorn2z
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I don't think the chart now can/will match 2019. Coming off the Christmas 2018 flash crash, and Big U Turn by the FED in the summer of 2019. The current rate hike cycle and inflation cycle are such that there will NOT be a 2019 style U Turn from the Fed. The GDXJ bounce today will run into the down sloping moving average lines at about 36 and fall back down. I still like your Bajista - short like hell call. That is the right one. I am guessing we see 26 before we see 52.
goldpriceforecast.com/gold-price-analysis/rsi-for-mining-stocks-is-below-30-and-its-not-a-buy-signal-yet/