Goldtent TA Paradise

Adding more to RIC… the US listing looks a bit different and that is what I posted the other day. Here the Canadian listing is clearly backtesting today.

1. Graddhy says:

   January 13, 2016 - 1:56 pm at 1:56 pm

   It is also BT a 4 year inverse h&s as I see it.
   http://goldtadise.com/?p=357589

2. Cashcosts says:

   January 13, 2016 - 2:03 pm at 2:03 pm

   Yes, I recall. This thing is primed, absolutely primed to explode. Canadian dollar hit 1.43 today.

3. Mamare says:

   January 13, 2016 - 2:13 pm at 2:13 pm

   I’m uncertain if buy it in Canadian or in US dollars,my currency is the Euro………
   What would you suggest?

   • Cashcosts says:

     January 13, 2016 - 2:22 pm at 2:22 pm

     I trade the US listing because I am an American. I would prefer to buy the Canadian listing if I were in Canada because I’d be spending Canadian dollars. I’d say that your situation depends on what is easier for account and tax purposes, but i’d imagine that the Euro has been stronger against the Canadian dollar than it has been against the US dollar.

   • Graddhy says:

     January 13, 2016 - 2:23 pm at 2:23 pm

     Depends on how long you are going to hold it I would say, and how this major inflection point plays out.

     But, IF, and that is IF, we get the deflationary move down, I would say:
     Hold it for six months – USD (to also get the appreciation)
     Hold it for 5 years – CAD
     So it all depends on what you think will happen I guess.

     And about the EUR…I would get out to a large extent…just to be safe if anything.

4. Mamare says:

   January 13, 2016 - 2:34 pm at 2:34 pm

   Thank you both Cashcosts and Graddhy,I will buy half position in US dollars and half in Canadian dollars,and if we will have the top in US dollar I will switch the US dollars position into the Canadian dollars.

   • Cashcosts says:

     January 13, 2016 - 2:37 pm at 2:37 pm

     I wish it were just that easy to spot the “top in the dollar”

     • Mamare says:

       January 13, 2016 - 2:44 pm at 2:44 pm

       Of course it was an “hope statement” 🙂
       There are those who are saying that the top is forming now as well as those that are convinced that there will be another strong upmove.