Brexit happened. I believe it was a surprise. After some short term volatility, over time I think Gold and safe havens will do very well. On top of that, the charts have been very strong for Gold and I've been trying to get a position for a while, but lacked a decent dip.
Today gold is up 4%, BTG up 9% and EGO up 5%.
My BTG and EGO positions have turned green. I'm doubling up on them and will have a break even stop.
Trade closed manually
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Sold BTG today at $3.48
Nice ride, it could still go higher, as gold appears to be early in a new DC.
But hey, nearly 50% gains. Chart looks extended. Taking profits here and will wait and see what happens.
Comments
tangman
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Also adding to EXK position:
- Bought 3.82~
- Stop in the consolidation around 3.56
tangman
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Sold BTG here, 49% gain, over 9k profit
tangman
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Also buying AEM:
- Tends to just consolidate & run up.
- Stronger than other miners today, nice hammer candlestick.
- Buy 52.25, stop at intraday low ~51.
- Bought 3.82~
- Stop in the consolidation around 3.56