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Buy the rumor. Sell the news.
Working. Don’t have time for charts sorry.
I’m adding to pm shorts today big time. Will sell if a bit higher on gdx and gdxj.
Been in cash on major markets since half way into plunge. Going short the major markets today and will go long again at the last lows. (Double bottom style- I think we’ll see slightly lower lows in some of them) Will sell this if go much higher on the major markets.
Buy the rumour, sell the news is often great advice. Works well for short term moves, but at a major supercycle low like we have in PMs here, buy and hold should work very well for the next several months I think.
If it goes much lower than yesterday’s lows for dust and jdst and I’m probably abandoning that trade. They’re at strong support. It gives way, and I don’t want to hold them…
are you seeing the macd neg diverg on the metals as well ??
I’m not a big indicators follower, but yes. I did notice it.
the damn breach in Brazil with Vale got me thinking of new regs ‘n rules for all the miners down there, they should take some financial hits methinks. Gov’t likes regulation= more jobs for their dept. …..
So Parabolic Chuck, are you seeing today’s and yesterday’s gold upmove to ~$1325 as a selling opportunity?
Back testing the giant gdx and gdxj bottom line breakdowns.
At support and resistance everywhere.
Moved a long ways to get where we are.
If there’s going to be a turn it will be around here…
If not, dust is toast (again).
It’s official. Opened all the shorts at the close.