Loading ...A bit of caution
So I’m watching bonds and the move up may be done. Also $usd has not broken down the wedge. Gdx and gdxj have made perfect backtests of breakdown levels… and silver is still lagging! I’ve ridden this move up but damn I have seen this before. Just caution here. I’m more of a swing trader so this is not advice but I expect at least a retrace here but open to the possibility of reversing straight back down. Just my 2 cents
You’re right to be cautious PK. Big picture shaping up nicely in my view, but for shorter term traders, a pullback is pretty much inevitable at some point.
Probably ptsd on my part : )
Caution is always a good thing when it comes to the PMs. In the words of Rick Akerman :”it’s important we do not mistake the start of a bull market for yet another tiresome and vexatious head fake”.
But could all this caution be the grist for the bull???
These Bull Moves Always come out of the Blue and invariably we Goldophiles jump off too soon. Witness 2016.
Tricky business
Bulls have to start with an element of disbelief. If not, the lows are not in.
Sold a bit here and in hindsight I could have been a bit more patient.