Goldtent TA Paradise

Gold Set to Correct But Internals Remain Bullish

1. Karl says:

   August 18, 2019 - 6:01 pm at 6:01 pm

   “If you missed the recent run, then it is best to be patient, buy value and wait for weakness in the high quality juniors that appear extended. The best time to buy the leaders is during a correction. New opportunities will also emerge.”

   I don’t subscribe. In fact, if anything I’m cutting down on my subscriptions so I doubt I will ever subscribe even though I would guess others might benefit from subscriptions.

   I make too many comments. I indulge in writing in order to think things out, and I will indulge myself here so as to clarify my thoughts.

   I have to say that your comments above are particularly reasonable, as is often the case. I do think that, although it is possible to do awfully well with not-so-good stocks, a great strategy is buying stronger ones on pullbacks. It is just plain safer to hold the stronger ones. As you indicate, it is also great to be mindful of over-extension and being wary of getting carried away with quick short term moves unless one is adept at trading them. Your comment about leeway in a primary trend is apt. Hope you’re right about the primary trend–I strongly think you are myself.

2. red label says:

   August 19, 2019 - 10:38 pm at 10:38 pm

   Gold in F/C. I like it….

   I seen your post on Twitter.

   They say it is the best form flattery. Gold*DXY/100

   Cheers