We can see from this chart that price is ready to drop! It has hit a key level of support and bounced off, it has tested this area several times before going higher each time. The last time this level was broken it was a freefall to the bottom.. The next time the drop may be even greater!! Get the sell stops in!
After months of choppy waters, finally bulls are emerging from beneath the woodwork right on time to position for 2020 flows. For all those tracking the current leg in Gold by now it should be crystal clear: Those momentum traders will know the highs will be eclipsed over the next few sessions, generally prefer buying dips. What I am most impressed by is...
It seems GDX is forming H&S. Sell the breakout. Cheers!
I have reviewed using DGLD & DSLV as a hedge against holding PMs during a decline period. I would appreciate any comments on why this might be a poor choice over 3 to 6 months. I know there are decay factors, but moving in and out of physical carries fees and premiums, so selling and re-buying also has a cost. I know NUGT/JNUG and DUST/JDST are often good...