Loading ...Rambus and Plunger
If you are not following them you are missing some great trades and great roadmaps / strategy
Small price Big Return
Plunger from the Chartology Form a few days ago
“What a glorious opportunity Mr. Market gave all of us. He gave us an entire month to back up the truck and to take our full measure for the upcoming bull market. We didn’t have to chase anything, we had plenty of time to pick away at whatever you wanted to hold for the upcoming bull market. The buying opportunity was in an atmosphere of black pessimism and fear. Who could ask for a better backdrop than that in which to load the boat! I hope skepticism didn’t prevent you from taking advantage of this opportunity. Next weekend I will update where we are in the markets, but for those of you who saw the opportunity and took it, I want to congratulate you for having the guts to pull the trigger…. Well done!
PS, yesterday’s move has every appearance of a high volume bull market resumption in the league of the August 1982 stock market kick off.”
Just curious if anyone sees the possibility of a bearish scenario? I don’t think I have found one analyst that sees us stopping around the 1330 level and reversing. I tell ya it seems like every. single. person is all aboard the bull train. All of Twitter is patting themselves on the back. In 2016 (or was it 15), it was different. People doubted for a long time but we are in a very clear down channel that we just tested and there is a very good chance that bonds topped. Sentiment for gold before the recent turn was really neutral… ok just my rant. I have the recent highs as my line in the sand but I’ve taken short positions and would be happy to reverse course if we prove a clear breakout above recent highs.
$BPGDM is still at pretty low historical levels … trying to break out of a wedge on the weekly charts. The fact not much mainstream media is talking about gold tells me it is still in somewhat stealth mode.
Great to be sceptical PK. Nothing really changes until we break through the $1350-$1400 zone. At that point, we are in a clear bull market for gold. A Dollar breakdown would seal the deal.