Loading ...Glad I Was “Not that Bearish!”
I covered half my August Comex Shorts at a small profit which helped since my Buy-Stop on the other half was hit with a $11.60 LOSS. (Ouch!) Such is the cost of insurance. https://goldtadise.com/?p=444911
I wouldn’t normaly post this for several days but due to the critical nature of where we are right now I’ve decided to.
https://goldtadise.com/wp-content/uploads/2019/06/VERY-Smart-Canadian-on-Gold-06-23-19.pdf
Even so, while I’m holding long about 38% of my liquid assets in bullion and miners, I’ll probably double that percentage when we finally have a confirmed Bull Market – which we don’t as yet have (in my often wrong opinion).
Thanks Boobboo
sorry about you insurance premium
what would it take to be in a Confirmed GoldBull in your world ?
cheers
Fully
A Friday CLOSE above .053 in the GLD:$SPX Ratio Chart (Weekly) would do it for me. At that point I’d be willing to double my holdings in the metals (using UGLD or futures) and TRIPLE my holdings in the miners, probably using GDXJ.
Based on how I see the entire picture – US Dollar, The Fed being boxed-in, the disasterous political climate here in the US, an overextended, overvalued equity market combined with insanely overvalued bonds (worse in Euroland) – I lean to the bullish case for Gold.
Even thought Plunger and even Rambus now are calling it a bull, still holding my breath and probably will until who knows when!
Exhale Sir Steins
🙂
I spent 20 years free diving and spear fishing in Puget Sound, maybe I’m too use to it! LOL!
Add Mike Oliver (MSA) and Sid Nelson EW and Hurst Cycle analysis clearly pointing to now being in a bull. Actually MSA alongside Plunger has noted we have been in Phase I of a bull since 2016 until last weeks breakout … now in Phase II. I’d prefer less retail investors/institutions believe it so I can still scoop up shares at discounts. MSA just noted GDX broke out against the S&P via weekly momentum analysis … they have been dead on target for years now … pounding the table!
Let’s not forget about our dear friend Northstar … his cycle work is clear … this has years to run … and the dollar is breaking down. That all adds up to a bull. Silver is next to breakout … it will be a show when it begins running.
Gary Savage had a nice note the other day … we need to rethink how we have been trained to think the last 6+ years, as everything changed last week: https://blog.smartmoneytrackerpremium.com/2019/06/gold-breakout-the-second-phase-of-the-bull-is-underway.html