It certainly seems and feels like KL will run straight up. That weekly chart is nothing to scoff at. Gold is breaking up higher out of a bull flag.
Sentiment is as good as it gets. Jumping "all-in" feels like a great play. KL wants to hit 50 and I should buy 100 call options to grab it. Greed is overflowing all over the precious metals sector.
While I still hold a substantial share position, I'm out of all option leverage at this time. It's been a great run.
Looking into how I might buy back in (as I think the gold bull market is just beginning), I want to look for two "scary" dips. These dips can be very fast as they can recover in a single morning. But if recent history continues to play out, I don't want to rush to buy the first dip, but wait for the second "scary" moment. This is crude analysis, but I think we are in exceptional times. The best analysis going forward, in my opinion, will be based on emotions and the time to buy will be right as I want to panic sell out of my shares.
Sentiment is as good as it gets. Jumping "all-in" feels like a great play. KL wants to hit 50 and I should buy 100 call options to grab it. Greed is overflowing all over the precious metals sector.
While I still hold a substantial share position, I'm out of all option leverage at this time. It's been a great run.
Looking into how I might buy back in (as I think the gold bull market is just beginning), I want to look for two "scary" dips. These dips can be very fast as they can recover in a single morning. But if recent history continues to play out, I don't want to rush to buy the first dip, but wait for the second "scary" moment. This is crude analysis, but I think we are in exceptional times. The best analysis going forward, in my opinion, will be based on emotions and the time to buy will be right as I want to panic sell out of my shares.