I own a long term position in CEF of 10% which I plan to add to. Looking for CEF to pullback in a possible scenario where equities sell off hard over the next month and a new high in the VIX. If CEF sells off along with equities in that scenario, that will be an extremely bullish setup for CEF and I plan to at least double my CEF position.
Lining up current...
Go long on a breakouf of Friday's high, stop at Friday's low minus 1 tick.
If we break above 13.73, we could see long term uptrend continuation.
CEF is a good addition to your portfolio, you can read more about it here: www.centralfund.com
It's a closed-end fund, which offers a good alternative for low-cost investment ownership of gold and silver...
We're already long here with a very tight stop. I'm looking to add next week if we make a new weekly high, there's a considerable chance that this stock launches into a strong thrust to the upside from here, so try to take a small position initially at least.