Defensive plays aren't what they used to be. I tried Gold back on 9/2, but got out quickly as it fell with the market.
There looks to be a 3 week delay between the market's panic and a settling down into a move out of equities into Gold.
So fare, we're still bullish in the equity world, but Gold could have it's day again soon. A friend has me watching for the reversal.
*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
There looks to be a 3 week delay between the market's panic and a settling down into a move out of equities into Gold.
So fare, we're still bullish in the equity world, but Gold could have it's day again soon. A friend has me watching for the reversal.
*NOT FINANCIAL ADVICE - NOT A FINANCIAL ADVISOR*
Comment:
We popped up today, but I'm still looking for a pullback to 53, possibly as low as 51.60
Comment:
We're right at the top of the downward trend, with a rejection on the bigger timeline.
Comment:
stoch says we're about to turn up
I'll be watching for a break through of the downtrend and opportunity to go higher.
Comment:
GDXJ is in a descending wedge, pattern says "continuation" of prior UP trend.
I'll be watching for a break out and back test, or buying on the bottom of the triangle with stops as we approach Red Downtrend.
Stopped out twice already for profits as it reversed.
I'll be watching for a break out and back test, or buying on the bottom of the triangle with stops as we approach Red Downtrend.
Stopped out twice already for profits as it reversed.