Loading ...GDXJ- High risk riverboat gamblers get ready to pull the trigger
I don’t pretend to have a solid handle on the PM shares as far as how far they are going, however here is what I have. Incidentally, I have been short since we were above that APEX triangle despite the derision of the bugs who got all lathered up when Mr. Bear set-up his bull trap when we broke above it in early April. I used JNUG short as my vehicle and as I said…Its been a great trade!. But now its time to say thank you Mr. Bear. I have closed out my short and am contemplating a long position. Haven’t taken it yet, and I remain long term bearish. But we may have a long side opportunity here.
Note how we are now oversold in the GDXJ.
Editor’s Note: For more Plunger Trades and insights …he has joined Rambus Chartology as an Associate Writer.
Andrew McElroy: Precious Metals Trends In Every Timeframe
May 4 2017, 10:10
Last year he had called for current to happen and I did mentioned that possibility.
Meaning….B completes about 1510 after A from 1046 Dec 2015. Question is where and when will C complete?
OTOH….$ cycle is ‘supposex’ to end as well as gold’s 8 years cycle. So which is which now?
that would be C completes about 1510
we’re in B down now
Yes…C of higher degree B…. in an earlier post I had shown that chart.
I took some high risk nibbles right here. GDXJ 29.44
Me too…1600 grams but bought higher 1250 damn it
Taking major profits on oil (for now) but still retaining degrading calls. Took the plunge in GDXJ
Me too. Long GDXJ and couple others. Block trades at ASK showing up on my scanner for FNV, KGC and SA and GG.
Thanks, Plunger. A coupla gaps in there, too.
Thank You Plunger! I have learned to greatly appreciate all you excellent work.
I meant …”your” excellent work. not “you”.
Max… wow a complement. I appreciate it, as often I get the feeling I am posting into a black hole. Personally I have scored well into the multiple 6 figures over the past 2 months with these trades. I have really believed in them, its not just hyperbole. I highly recommend joining up on the Rambus site as we are working as a team very well as of late. Nice to see someone sees some value here. As opposed to the Bronx cheer I got recently from one particular member. 🙂
Great call so far…close at 29.65…just above your PO !!!
If not THE bottom…should get a bounce.
Congrats on the “multiple 6 figures”
I can attest to Plungers Wins. he shares the winnings with me…I get 50% for cheerleading
Right Sir Plunger ?
🙂
But seriously…Rambus and Plunger have been right as rain on multiple markets this year.