Euphoria turns to Concern
Such is the life of a PM Trader.
I hope very one is keeping an open mind.
Cautiously Bullish is the stand that best suits the situation IMHO.
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Thanks.
Told my buddy at the office – miners & gold both outside the upper Bollinger (a short term sell signal).
Yen was like a stretched rubberband. So the yen rests and gold gets to backtest 1305 so eveyone can re-load the boat.
Fundamentally nothing changed – geopolitics/us debt ceiling/ trade war. Still bullish
Give me some of that “concern” FGC!!!!! – wall of worry and all that stuff! I really liked the action today – was very much a confirmation of the breakout yesterday for me, FWIW especially the close which remained positive given many chances to really roll-over negative today.
No Problem Patty…I’ll be the Ant You be the grasshopper
🙂
God help us. If miners go sideways, not happy, go up not happy, pullback, not happy. I agree with PP, wall of worry is what we want. The SM bull has been the most hated BM and we would be happy with that for miners. By the way GDX is now in the top quarter of the rankings so the big institutional players will be coming in soon.