Loading ...Trimmed my PM Exposure Way Down Today
I didn’t expect to do this at all at this point in time but I really don’t like some of the structure developing in the miner charts, particularly in the GDXJ. I took a boatload of profits on shares I’ve held for more than 6 months. Things may chug higher here but I really have to protect profits on what is easily my best year ever….even in June. I will post some charts later explaining what I see….but I don’t like it.
I think I feel what you feel a little, I thought that the miners would move much more with today´s move in GOLD and SILVER…
It’s not what I feel at all. You know how bullish I’ve been on PMs. It’s what I see!
Well, of course I meant the feeling for the hour when I commented, not for longer term than that. And that was of course based on what I see…
I have been just as bullish in my posts the last weeks, it was basicly you and me:
https://goldtadise.com/?p=372833
and today everyone is bullish….even Savage…that’s a red flag right there 😉
Sometime they all have to turn I guess though 🙂
I would like to see what you have to say. Sure we would like to see some more volume, but we may still see it down the road. The weekly still links in tact to me with all the indicators well positioned
https://stockcharts.com/h-sc/ui?s=GDXJ&id=p73012094591&listNum=51#
Appears to me we still have room to run
The horseman all look fine. We don’t like to see dojo candles and gaps which we have here but the gaps are running gaps which means there is urgent buying going on here. Maybe we run and fill these gaps later on down the road after the move is over
https://stockcharts.com/h-sc/ui?s=GDXJ&id=p50986999978&listNum=51#
I actually feel better if the majority of you guys disagree with me 😉
Have 40 rocks. Mostly nano caps. 90% are showing bullish structures, rising OBV, indicators coming off lows and mid points. Unless I see any signs of this waning, am staying long.
This is a view from under the hood. And its not a limo. Its a sports car 🙂
I actually took some additional profits on my Trading Shares as well but am sitting tight on my Core Holdings.
Interesting because I see two trend lines that were broken through today on GDX and $HUI.
I caught the whole move but I’m on the sidelines since May 20. I’m hoping that we get to play this whole game one more time like groundhog day.