Loading ...FED Up ?
I am very bearish on PMs…a la Rambus charts
Have some good profits in DUST and HGD .
Considering taking shelter before the Fed Speak
Usually there is at leats a short term reversal after the Fed Speak
BUT…I dunno…maybe this is IT and the Fed Pushes HUI over the cliff .
It sucks missing that first big move .
So …selling 1/3
Anybody else chickening out ?
Mark and I…
Yes, see my posts below. I exited my DUST and JDST today which I’ve held and been adding to since late April. My decision was based on a technical set up and not just “chickening out” based on the market’s unknown reaction to Yellen. I’m hoping to re-enter my DUST and JDST after a nice corrective pop. I too am very bearish on PMs based on the weekly charts but I refuse to give up some really large gains earned over the past 6 weeks.
Well done guys
I am still holding 1/2 (down from 2/3 before I read your posts)
🙂
I simply cant be all that bearish when prices are at 30year lows, maybe at 150ish and higher but why be so bearish after such a significant fall? That would be like expecting s&p 400 after reaching 666.Jordan lays out a pretty good perspective here
http://thedailygold.com/precious-metals-video-update-7/
My lt xau chart
http://schrts.co/g6EaW2
I dont want to miss that first big move either.